InPlay Oil (TSE:IPO) Given New C$22.50 Price Target at National Bank Financial

InPlay Oil (TSE:IPO) had its price objective dropped by analysts at National Bank Financial from C$27.50 to C$22.50 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 52.34% from the company’s previous close.

InPlay Oil Stock Performance

Shares of IPO traded up C$0.37 during midday trading on Wednesday, hitting C$14.77. 106,007 shares of the stock traded hands, compared to its average volume of 114,877. InPlay Oil has a 1-year low of C$9.36 and a 1-year high of C$18.96. The firm has a market capitalization of C$413.65 million, a PE ratio of -10.78 and a beta of 0.37. The company has a debt-to-equity ratio of 72.27, a quick ratio of 0.51 and a current ratio of 0.82. The business’s 50 day moving average price is C$16.29 and its two-hundred day moving average price is C$15.60.

InPlay Oil (TSE:IPO) last released its quarterly earnings data on Friday, May 8th. The company reported C($1.24) earnings per share for the quarter. The firm had revenue of C$31.77 million during the quarter. InPlay Oil had a negative return on equity of 10.86% and a negative net margin of 12.40%. Equities research analysts predict that InPlay Oil will post 0.3500838 EPS for the current fiscal year.

InPlay Oil Company Profile

InPlay is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities.