Inplay Oil Cp (IPOOF) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Inplay Oil is expected to report quarterly earnings Wednesday, with analysts forecasting $0.05 per share and revenue of $79.44 million.
• In its latest reported quarter, the company earned $0.56 per share, beating estimates by $0.08, and generated $87.38 million in revenue—well above expectations of $61.34 million.
• Zacks Research downgraded the stock from “strong buy” to “hold”; the analyst consensus is now Hold. Analysts project full-year EPS of $0.97.

Inplay Oil Cp (OTCMKTS:IPOOF - Get Free Report) is expected to release its resultson Wednesday, November 11th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $79.44 million for the quarter.

Inplay Oil Cp (OTCMKTS:IPOOF - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.08. Inplay Oil Cp had a negative net margin of 3.70% and a positive return on equity of 4.89%. The business had revenue of $87.38 million during the quarter, compared to analysts' expectations of $61.34 million. On average, analysts expect Inplay Oil Cp to post $0.97 EPS for the current fiscal year and $1.08 EPS for the next fiscal year.

Inplay Oil Cp Stock Up 1.8%

IPOOF opened at $14.05 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. Inplay Oil Cp has a 1-year low of $8.33 and a 1-year high of $14.97. The company has a market capitalization of $388.90 million, a PE ratio of 38.35 and a beta of 0.57. The firm's 50 day simple moving average is $12.95 and its two-hundred day simple moving average is $11.92.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Inplay Oil Cp from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 9th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Inplay Oil Cp currently has an average rating of "Hold".

Inplay Oil Cp Company Profile

InPlay Oil Corp. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, developing and operating conventional and unconventional petroleum assets, with an emphasis on light oil and associated natural gas production.

InPlay's operations are concentrated in Alberta within the Western Canadian Sedimentary Basin. Its development activities have included the Cardium formation and other central Alberta oil-producing areas, where the company applies horizontal drilling and multistage hydraulic fracturing to develop its reserves.

The company's strategy centers on disciplined development of its existing asset base, operational efficiency and the generation of production from its Alberta properties.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.