INPLAY OIL CP (OTCMKTS:IPOOF) Lowered to "Strong Sell" Rating by 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 research note issued on Wednesday, August 20th,Zacks.com reports.

Separately, Roth Capital raised INPLAY OIL CP to a "strong-buy" rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy".

INPLAY OIL CP Price Performance

Shares of OTCMKTS:IPOOF traded up $0.08 during trading on Wednesday, reaching $8.13. 5,661 shares of the company traded hands, compared to its average volume of 15,781. INPLAY OIL CP has a 52 week low of $4.72 and a 52 week high of $9.75. The company's 50 day moving average is $7.42 and its two-hundred day moving average is $4.75. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $227.23 million, a PE ratio of -203.00 and a beta of 0.95.

INPLAY OIL CP (OTCMKTS:IPOOF - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.21). The firm had revenue of $67.31 million during the quarter, compared to the consensus estimate of $64.71 million. INPLAY OIL CP had a positive return on equity of 1.28% and a negative net margin of 0.63%. As a group, sell-side analysts predict 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.