Inplay Oil Cp (OTCMKTS:IPOOF) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Inplay Oil Cp (OTCMKTS:IPOOF) announced its quarterly earnings data on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04, Zacks reports. Inplay Oil Cp had a negative return on equity of 0.39% and a negative net margin of 2.27%.The firm had revenue of $58.45 million for the quarter, compared to analysts’ expectations of $60.42 million.

Inplay Oil Cp Stock Performance

IPOOF stock traded down $0.09 during mid-day trading on Friday, reaching $12.37. The company had a trading volume of 12,566 shares, compared to its average volume of 20,248. Inplay Oil Cp has a one year low of $4.72 and a one year high of $13.15. The stock has a market capitalization of $346.21 million, a P/E ratio of -72.76 and a beta of 0.70. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 0.60. The stock’s 50-day simple moving average is $10.46 and its two-hundred day simple moving average is $9.41.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Inplay Oil Cp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Inplay Oil Cp currently has an average rating of “Buy”.

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.