Inplay Oil Cp (OTCMKTS:IPOOF) Posts Earnings Results

Inplay Oil Cp (OTCMKTS:IPOOF) released its earnings results on Friday. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.07, Zacks reports. Inplay Oil Cp had a negative return on equity of 0.73% and a negative net margin of 2.69%.The company had revenue of $64.47 million during the quarter, compared to analysts’ expectations of $57.95 million.

Inplay Oil Cp Stock Down 5.0%

OTCMKTS:IPOOF opened at $11.86 on Friday. The stock has a 50-day simple moving average of $12.27 and a 200 day simple moving average of $10.53. Inplay Oil Cp has a one year low of $5.42 and a one year high of $13.66. The company has a market capitalization of $332.08 million, a price-to-earnings ratio of -11.30 and a beta of 0.50. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.10.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Inplay Oil Cp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.