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

Inplay Oil Cp (OTCMKTS:IPOOF) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Inplay Oil Cp Trading Up 0.3%

Inplay Oil Cp stock opened at $10.90 on Wednesday. The firm has a market cap of $304.98 million, a price-to-earnings ratio of -64.10 and a beta of 0.65. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.66 and a current ratio of 0.84. The firm’s 50 day moving average price is $9.33 and its two-hundred day moving average price is $8.76. Inplay Oil Cp has a 1 year low of $4.72 and a 1 year high of $11.30.

Inplay Oil Cp (OTCMKTS:IPOOF) last announced its earnings results on Wednesday, November 12th. The company reported ($0.13) EPS 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 company had revenue of $57.62 million for the quarter, compared to analysts’ expectations of $62.19 million. On average, research analysts predict that Inplay Oil Cp will post 0.08 EPS 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.