National Bankshares Reiterates "C$16.00" Price Target for InPlay Oil (TSE:IPO)

Key Points

• National Bankshares has set a price target of C$16.00 for InPlay Oil, indicating a potential upside of 36.52% from its current price, while rating the stock as "outperform".
• Other analysts have varied price targets, with ATB Capital at C$13.00 and Roth Capital at C$18.00, contributing to a consensus rating of "Strong Buy".
• InPlay Oil's stock recently traded at C$11.72, which is above its 52-week low of C$6.54 and below its high of C$13.02.

InPlay Oil (TSE:IPO - Get Free Report) has been given a C$16.00 price target by research analysts at National Bankshares in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price target would indicate a potential upside of 36.52% from the company's current price.

Other research analysts have also recently issued reports about the company. ATB Capital set a C$13.00 price target on InPlay Oil and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Roth Capital set a C$18.00 price target on shares of InPlay Oil and gave the stock a "buy" rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat.com, InPlay Oil presently has a consensus rating of "Strong Buy" and an average price target of C$12.50.

InPlay Oil Trading Up 3.1%

IPO stock traded up C$0.35 during midday trading on Monday, reaching C$11.72. 80,786 shares of the company traded hands, compared to its average volume of 57,272. The business has a 50 day moving average of C$10.49 and a 200-day moving average of C$7.19. The firm has a market capitalization of C$325.89 million, a price-to-earnings ratio of -78.13 and a beta of 1.09. InPlay Oil has a 52-week low of C$6.54 and a 52-week high of C$13.02. The company has a debt-to-equity ratio of 20.44, a quick ratio of 0.51 and a current ratio of 0.61.

InPlay Oil Company Profile

InPlay Oil Corp is oil development and production company based in Calgary, Alberta. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas, and natural gas liquids. The company's operations are focused on a concentrated light oil asset base located in West Central Alberta.

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