Inplay Oil Cp (OTCMKTS:IPOOF) Upgraded at Zacks Research

Zacks Research upgraded shares of Inplay Oil Cp (OTCMKTS:IPOOF) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Inplay Oil Cp Stock Up 0.6%

Shares of OTCMKTS IPOOF opened at $11.65 on Tuesday. The stock has a market capitalization of $326.20 million, a P/E ratio of -41.61 and a beta of 0.55. The stock’s fifty day moving average is $12.08 and its 200 day moving average is $10.31. Inplay Oil Cp has a 52 week low of $4.72 and a 52 week high of $13.66. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.10.

Inplay Oil Cp (OTCMKTS:IPOOF) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The business had revenue of $58.45 million during the quarter, compared to analysts’ expectations of $60.42 million. Inplay Oil Cp had a negative net margin of 2.69% and a negative return on equity of 0.73%. Sell-side analysts forecast that Inplay Oil Cp will post 0.24 earnings per share for the current fiscal year.

About Inplay Oil Cp

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.