Inplay Oil Cp (OTCMKTS:IPOOF) Shares Up 2.7% – Time to Buy?

Shares of Inplay Oil Cp (OTCMKTS:IPOOF) shot up 2.7% on Friday . The company traded as high as $13.30 and last traded at $13.2950. 12,207 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 22,271 shares. The stock had previously closed at $12.95.

Analyst Ratings Changes

Separately, Zacks Research cut Inplay Oil Cp from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Inplay Oil Cp Trading Up 2.7%

The firm’s 50 day simple moving average is $11.56 and its two-hundred day simple moving average is $9.90. The stock has a market capitalization of $371.99 million, a P/E ratio of -47.48 and a beta of 0.70. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 0.60.

Inplay Oil Cp (OTCMKTS:IPOOF) last issued its earnings results on Thursday, March 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. Inplay Oil Cp had a negative return on equity of 0.74% and a negative net margin of 2.69%.The company had revenue of $58.45 million during the quarter, compared to the consensus estimate of $60.42 million. As a group, 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.