Acumen Capital Boosts InPlay Oil (TSE:IPO) Price Target to C$17.50

InPlay Oil (TSE:IPO) had its price objective hoisted by equities researchers at Acumen Capital from C$17.00 to C$17.50 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Acumen Capital’s target price suggests a potential upside of 4.73% from the stock’s previous close.

Separately, Canaccord Genuity Group boosted their price objective on shares of InPlay Oil from C$14.00 to C$15.00 in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat, InPlay Oil currently has an average rating of “Buy” and a consensus price target of C$15.70.

InPlay Oil Stock Down 2.3%

IPO stock opened at C$16.71 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 61.06. The firm has a market capitalization of C$465.17 million, a PE ratio of 334.20 and a beta of 0.92. InPlay Oil has a twelve month low of C$6.54 and a twelve month high of C$17.47. The stock has a 50-day simple moving average of C$14.44 and a two-hundred day simple moving average of C$13.06.

InPlay Oil (TSE:IPO) last announced its quarterly earnings results on Thursday, March 5th. The company reported C$1.10 earnings per share for the quarter. InPlay Oil had a negative return on equity of 2.22% and a negative net margin of 2.79%.The firm had revenue of C$82.94 million for the quarter. On average, equities analysts predict that InPlay Oil will post 0.3500838 EPS for the current fiscal year.

InPlay Oil Company Profile

InPlay Oil Corp is oil development and production company based in Calgary, Alberta. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas, and natural gas liquids. The company’s operations are focused on a concentrated light oil asset base located in West Central Alberta. It derives revenue from selling its production of crude oil, natural gas and NGLs under variable price contracts.