Zacks Research Upgrades Inplay Oil Cp (OTCMKTS:IPOOF) to “Strong-Buy”

Inplay Oil Cp (OTCMKTS:IPOOF) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

Inplay Oil Cp Stock Up 0.3%

IPOOF stock opened at $13.07 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average price of $11.50 and a two-hundred day moving average price of $11.82. The company has a market cap of $363.72 million, a price-to-earnings ratio of -32.36 and a beta of 0.47. Inplay Oil Cp has a twelve month low of $7.97 and a twelve month high of $13.66.

Inplay Oil Cp (OTCMKTS:IPOOF) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. Inplay Oil Cp had a positive return on equity of 4.82% and a negative net margin of 3.70%.The firm had revenue of $87.38 million for the quarter, compared to analyst estimates of $61.34 million. Analysts anticipate that Inplay Oil Cp will post 0.97 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.