InPlay Oil (TSE:IPO) had its price target cut by Canaccord Genuity from C$2.75 to C$2.00 in a research report sent to investors on Thursday.

Other equities research analysts also recently issued reports about the company. Laurentian boosted their target price on InPlay Oil from C$3.00 to C$3.25 in a research report on Friday, September 14th. National Bank Financial decreased their price objective on InPlay Oil from C$3.00 to C$2.25 and set an outperform rating on the stock in a research report on Monday, December 10th.

Shares of TSE:IPO traded down C$0.03 during mid-day trading on Thursday, reaching C$1.05. The stock had a trading volume of 33,800 shares, compared to its average volume of 33,391. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 28.73. InPlay Oil has a 1 year low of C$0.82 and a 1 year high of C$1.98.

InPlay Oil (TSE:IPO) last posted its earnings results on Monday, November 12th. The company reported C($0.03) EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.06). The company had revenue of C$22.80 million during the quarter. On average, equities analysts predict that InPlay Oil will post 0.239999990769231 earnings per share for the current fiscal year.

About InPlay Oil

Inplay Oil Corp. engages in the acquisition, exploration, and development of petroleum and natural gas properties in Canada. The company produces and sells crude oil, natural gas, and natural gas liquids. It primarily holds interests in the Caradium Formation in the Pembina and Willesden Green pools located in West Central Alberta.

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