National Bank Financial Has Lowered Expectations for InPlay Oil (TSE:IPO) Stock Price

InPlay Oil (TSE:IPO) had its price target cut by equities researchers at National Bank Financial from C$27.50 to C$22.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 52.34% from the stock’s previous close.

InPlay Oil Stock Up 2.6%

TSE IPO traded up C$0.37 on Wednesday, hitting C$14.77. 106,007 shares of the stock traded hands, compared to its average volume of 114,877. The stock has a 50-day moving average of C$16.29 and a 200 day moving average of C$15.60. InPlay Oil has a twelve month low of C$9.36 and a twelve month high of C$18.96. The company has a market capitalization of C$413.65 million, a P/E ratio of -10.78 and a beta of 0.37. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 72.27.

InPlay Oil (TSE:IPO) last issued its quarterly earnings results 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 net margin of 12.40% and a negative return on equity of 10.86%. As a group, analysts expect that InPlay Oil will post 0.3500838 earnings per share for the current fiscal year.

About InPlay Oil

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.