InPlay Oil (OTCMKTS:IPOOF) Upgraded to Strong-Buy at Noble Financial

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

InPlay Oil Price Performance

OTCMKTS IPOOF opened at $1.50 on Monday. The company has a 50-day moving average price of $1.54 and a 200-day moving average price of $1.64. InPlay Oil has a 52 week low of $1.42 and a 52 week high of $2.07. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $137.05 million, a P/E ratio of 7.52 and a beta of 1.60.

InPlay Oil (OTCMKTS:IPOOF) last announced its earnings results on Wednesday, August 14th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. InPlay Oil had a net margin of 15.05% and a return on equity of 8.94%. The company had revenue of $30.30 million during the quarter, compared to analyst estimates of $30.58 million. Equities research analysts anticipate that InPlay Oil will post 0.16 earnings per share for the current year.

InPlay Oil Company Profile

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.