Inplay Oil Cp (OTCMKTS:IPOOF) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Inplay Oil Cp (OTCMKTS:IPOOF) from a hold rating to a strong sell rating in a research note released on Wednesday,Zacks.com reports.

Inplay Oil Cp Stock Down 1.3%

Shares of OTCMKTS:IPOOF opened at $10.76 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $301.02 million, a P/E ratio of -63.28 and a beta of 0.65. Inplay Oil Cp has a 52-week low of $4.72 and a 52-week high of $11.30. The stock’s fifty day simple moving average is $9.37 and its 200-day simple moving average is $8.79.

Inplay Oil Cp (OTCMKTS:IPOOF) last announced its earnings results on Wednesday, November 12th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.20). Inplay Oil Cp had a negative net margin of 2.27% and a negative return on equity of 0.39%. The firm had revenue of $57.62 million during the quarter, compared to analyst estimates of $62.19 million. As a group, equities research analysts forecast that Inplay Oil Cp will post 0.08 earnings per share for the current fiscal year.

Inplay Oil Cp Company Profile

InPlay Oil Corp (OTCMKTS: IPOOF) is a Calgary-based exploration and production company focused on the development of oil and natural gas assets in Western Canada. The company’s primary operations are centered in the Montney and Charlie Lake formations of Alberta and northeast British Columbia, where it holds a significant land position. InPlay’s strategy emphasizes liquids-rich natural gas and condensate production, leveraging horizontal drilling and multi-stage completion techniques to enhance well performance and resource recovery.

InPlay’s asset portfolio comprises both established conventional reservoirs and emerging unconventional plays.