InPlay Oil (TSE:IPO) Upgraded at ATB Capital

ATB Capital upgraded shares of InPlay Oil (TSE:IPO) from a sector perform rating to an outperform rating in a research note released on Thursday, BayStreet.CA reports. They currently have C$2.25 price target on the stock, up from their prior price target of C$1.75.

IPO has been the topic of a number of other reports. Acumen Capital reissued a buy rating on shares of InPlay Oil in a report on Friday, September 10th. Canaccord Genuity boosted their price target on shares of InPlay Oil from C$2.00 to C$2.25 and gave the stock an outperform rating in a research report on Wednesday, July 7th.

Shares of InPlay Oil stock opened at C$1.61 on Thursday. InPlay Oil has a 1 year low of C$0.15 and a 1 year high of C$1.85. The company has a current ratio of 0.20, a quick ratio of 0.16 and a debt-to-equity ratio of 76.21. The firm has a market capitalization of C$109.94 million and a PE ratio of 2.43. The firm’s 50 day moving average is C$1.28 and its 200 day moving average is C$1.04.

InPlay Oil (TSE:IPO) last posted its earnings results on Wednesday, August 11th. The company reported C$0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.06 by C$0.12. The business had revenue of C$25.27 million for the quarter, compared to the consensus estimate of C$18.56 million. As a group, research analysts anticipate that InPlay Oil will post 0.4 earnings per share for the current year.

About InPlay Oil

InPlay Oil Corp. engages in the acquisition, exploration, development, and production 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 Cardium Formation in the Pembina and Willesden Green pools located in West Central Alberta.

Further Reading: Initial Coin Offering (ICO)

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