InPlay Oil (TSE:IPO) Upgraded to Strong-Buy at Noble Financial

InPlay Oil (TSE:IPO) was upgraded by stock analysts at Noble Financial to a “strong-buy” rating in a research report issued on Monday, Zacks.com reports.

Separately, Acumen Capital cut their price objective on InPlay Oil from C$3.75 to C$3.50 in a report on Friday, August 16th.

InPlay Oil Trading Down 1.4 %

TSE:IPO opened at C$2.06 on Monday. InPlay Oil has a twelve month low of C$1.92 and a twelve month high of C$2.75. The company has a quick ratio of 0.51, a current ratio of 1.00 and a debt-to-equity ratio of 19.86. The business has a 50 day moving average price of C$2.11 and a two-hundred day moving average price of C$2.24. The company has a market cap of C$185.65 million, a P/E ratio of 7.10 and a beta of 2.37.

InPlay Oil (TSE:IPO) last released its quarterly earnings data on Wednesday, August 14th. The company reported C$0.06 EPS for the quarter, beating the consensus estimate of C$0.05 by C$0.01. The company had revenue of C$41.46 million during the quarter, compared to the consensus estimate of C$41.21 million. InPlay Oil had a return on equity of 9.08% and a net margin of 17.18%. As a group, analysts expect that InPlay Oil will post 0.3500838 EPS for the current fiscal year.

About InPlay Oil

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.