Inplay Oil Cp (OTCMKTS:IPOOF) Issues Quarterly Earnings Results

Inplay Oil Cp (OTCMKTS:IPOOF) issued its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11), Zacks reports. Inplay Oil Cp had a negative net margin of 3.70% and a positive return on equity of 4.89%.

Inplay Oil Cp Stock Performance

Shares of OTCMKTS IPOOF traded down $0.27 during midday trading on Thursday, reaching $12.36. 40,824 shares of the company were exchanged, compared to its average volume of 81,476. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. Inplay Oil Cp has a 1 year low of $8.33 and a 1 year high of $14.97. The stock has a fifty day simple moving average of $12.97 and a 200 day simple moving average of $11.94. The stock has a market cap of $342.12 million, a P/E ratio of 35.08 and a beta of 0.57.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Inplay Oil Cp from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Inplay Oil Cp Company Profile

InPlay Oil Corp. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, developing and operating conventional and unconventional petroleum assets, with an emphasis on light oil and associated natural gas production.

InPlay’s operations are concentrated in Alberta within the Western Canadian Sedimentary Basin. Its development activities have included the Cardium formation and other central Alberta oil-producing areas, where the company applies horizontal drilling and multistage hydraulic fracturing to develop its reserves.

The company’s strategy centers on disciplined development of its existing asset base, operational efficiency and the generation of production from its Alberta properties.