INPLAY OIL CP (OTCMKTS:IPOOF) Rating Lowered to "Strong Sell" at Zacks Research

Key Points

• INPLAY OIL CP's rating was downgraded to "Strong Sell" by Zacks Research, reflecting a significant shift in market perception.
• Despite the downgrade, Roth Capital upgraded the stock to a "strong-buy" rating earlier, indicating mixed analyst sentiments about the company's prospects.
• INPLAY OIL CP reported a loss per share of $0.21 below expectations, although it achieved revenue of $67.31 million, exceeding analysts' estimates.

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

Separately, Roth Capital raised shares of INPLAY OIL CP to a "strong-buy" rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, INPLAY OIL CP presently has an average rating of "Buy".

INPLAY OIL CP Price Performance

Shares of IPOOF stock opened at $8.01 on Wednesday. The firm has a market cap of $223.88 million, a P/E ratio of -200.00 and a beta of 0.95. INPLAY OIL CP has a fifty-two week low of $4.7225 and a fifty-two week high of $9.8040. The business's 50 day moving average price is $7.37 and its 200-day moving average price is $4.58. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 0.89.

INPLAY OIL CP (OTCMKTS:IPOOF - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.21). The business had revenue of $67.31 million during the quarter, compared to analysts' expectations of $64.71 million. INPLAY OIL CP had a positive return on equity of 1.28% and a negative net margin of 0.63%. On average, equities research analysts anticipate that INPLAY OIL CP will post 0.08 earnings per share for the current year.

INPLAY OIL CP Company Profile

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.

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