Inplay Oil Cp (OTCMKTS:IPOOF) Upgraded at Zacks Research

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

Inplay Oil Cp Stock Up 0.3%

OTCMKTS:IPOOF opened at $13.07 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 0.82. The company has a market cap of $363.72 million, a PE ratio of -32.36 and a beta of 0.47. Inplay Oil Cp has a 52-week low of $7.97 and a 52-week high of $13.66. The stock has a 50-day simple moving average of $11.50 and a 200 day simple moving average of $11.82.

Inplay Oil Cp (OTCMKTS:IPOOF) last released its earnings results on Thursday, August 13th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. The firm had revenue of $87.38 million for the quarter, compared to analysts’ expectations of $61.34 million. Inplay Oil Cp had a positive return on equity of 4.82% and a negative net margin of 3.70%. On average, sell-side analysts expect 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.