Inplay Oil Cp (OTCMKTS:IPOOF) Shares Up 1% – Here’s What Happened

Inplay Oil Cp (OTCMKTS:IPOOF)’s share price shot up 1% during mid-day trading on Monday . The company traded as high as $8.98 and last traded at $8.95. 14,732 shares changed hands during trading, a decline of 18% from the average session volume of 18,070 shares. The stock had previously closed at $8.8650.

Wall Street Analysts Forecast Growth

IPOOF has been the topic of a number of recent analyst reports. National Bankshares began coverage on shares of Inplay Oil Cp in a research report on Monday, September 8th. They issued an “outperform” rating on the stock. National Bank Financial upgraded shares of Inplay Oil Cp to a “strong-buy” rating in a report on Sunday, September 7th. Finally, Zacks Research downgraded Inplay Oil Cp from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Inplay Oil Cp has a consensus rating of “Buy”.

Inplay Oil Cp Trading Up 1.0%

The company’s 50 day moving average is $8.99 and its two-hundred day moving average is $8.35. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.84 and a quick ratio of 0.66. The firm has a market cap of $250.24 million, a P/E ratio of -52.63 and a beta of 0.64.

Inplay Oil Cp (OTCMKTS:IPOOF) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). Inplay Oil Cp had a negative net margin of 2.27% and a negative return on equity of 0.39%. The company had revenue of $57.62 million during the quarter, compared to the consensus estimate of $62.19 million. On average, sell-side analysts predict that Inplay Oil Cp will post 0.08 earnings per share for the current year.

Inplay Oil Cp Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 31st. Shareholders of record on Thursday, October 16th were paid a $0.0647 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a yield of 868.0%. Inplay Oil Cp’s dividend payout ratio is presently -452.94%.

Inplay Oil Cp Company Profile

InPlay Oil Corp (OTCMKTS: IPOOF) is a Calgary-based exploration and production company focused on the development of oil and natural gas assets in Western Canada. The company’s primary operations are centered in the Montney and Charlie Lake formations of Alberta and northeast British Columbia, where it holds a significant land position. InPlay’s strategy emphasizes liquids-rich natural gas and condensate production, leveraging horizontal drilling and multi-stage completion techniques to enhance well performance and resource recovery.

InPlay’s asset portfolio comprises both established conventional reservoirs and emerging unconventional plays.