INPLAY OIL CP (OTCMKTS:IPOOF) Stock Rating Upgraded by Zacks Research

Key Points

• INPLAY Oil CP was upgraded from a "strong sell" to a "hold" rating by Zacks Research, reflecting increasing analyst confidence in the stock.
• Analysts have also given INPLAY Oil CP a variety of ratings, including three "strong buy" and one "buy", leading to an average rating of "buy" for the stock.
• For the last quarter, INPLAY Oil CP reported earnings of $0.05 per share, which missed analysts' expectations of $0.26, although it exceeded revenue forecasts with $67.31 million.

INPLAY OIL CP (OTCMKTS:IPOOF - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.

IPOOF has been the topic of a number of other research reports. National Bank Financial upgraded INPLAY OIL CP to a "strong-buy" rating in a report on Sunday, September 7th. Roth Capital upgraded INPLAY OIL CP to a "strong-buy" rating in a research report on Monday, July 14th. Finally, National Bankshares began coverage on INPLAY OIL CP in a report on Monday, September 8th. They issued an "outperform" rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, INPLAY OIL CP has a consensus rating of "Buy".

INPLAY OIL CP Trading Down 1.3%

IPOOF traded down $0.12 during trading on Thursday, reaching $8.85. The company had a trading volume of 13,797 shares, compared to its average volume of 14,100. The firm's 50-day simple moving average is $8.05 and its 200 day simple moving average is $5.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.20. The company has a market cap of $247.36 million, a price-to-earnings ratio of -220.97 and a beta of 0.98. INPLAY OIL CP has a 12-month low of $4.72 and a 12-month high of $9.48.

INPLAY OIL CP (OTCMKTS:IPOOF - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.21). INPLAY OIL CP had a negative net margin of 0.63% and a positive return on equity of 1.18%. The firm had revenue of $67.31 million for the quarter, compared to analyst estimates of $64.71 million. Equities research analysts anticipate that INPLAY OIL CP will post 0.08 earnings per share for the current year.

About INPLAY OIL CP

InPlay Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in Canada. The company produces and sells crude oil, natural gas, and natural gas liquids. It focuses on light oil asset base located in West Central, Alberta. InPlay Oil Corp.