INPLAY OIL CP (OTCMKTS:IPOOF) Raised to "Strong-Buy" at National Bank Financial

Key Points

• INPLAY OIL CP has been upgraded to a "strong-buy" rating by National Bank Financial, reflecting increased analyst confidence in the stock.
• Despite a missed earnings expectation of $0.26 per share, INPLAY reported $67.31 million in revenue during its last quarterly results, surpassing consensus estimates.
• The company has seen mixed ratings, with three analysts rating it as a Strong Buy and one marking it as a Sell, contributing to an average rating of "Buy."

INPLAY OIL CP (OTCMKTS:IPOOF - Get Free Report) was upgraded by National Bank Financial to a "strong-buy" rating in a report released on Sunday, September 7th,Zacks.com reports.

Several other research firms also recently commented on IPOOF. Roth Capital upgraded INPLAY OIL CP to a "strong-buy" rating in a report on Monday, July 14th. Zacks Research downgraded INPLAY OIL CP from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 20th. Finally, National Bankshares assumed coverage on INPLAY OIL CP in a report on Monday, September 8th. They set an "outperform" rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, INPLAY OIL CP has a consensus rating of "Buy".

INPLAY OIL CP Trading Down 0.5%

Shares of IPOOF traded down $0.05 during trading hours on Friday, hitting $9.00. The company had a trading volume of 8,197 shares, compared to its average volume of 14,796. The firm has a market cap of $251.55 million, a P/E ratio of -224.72 and a beta of 0.98. The stock's 50 day moving average price is $7.84 and its 200 day moving average price is $5.44. The company has a quick ratio of 1.00, a current ratio of 1.20 and a debt-to-equity ratio of 0.62. INPLAY OIL CP has a 52-week low of $4.72 and a 52-week high of $9.48.

INPLAY OIL CP (OTCMKTS:IPOOF - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.21). The company 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 1.18% and a negative net margin of 0.63%. On average, research analysts predict that INPLAY OIL CP will post 0.08 EPS 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.