InPlay Oil (TSE:IPO - Get Free Report) had its price target cut by equities researchers at Canaccord Genuity Group from C$3.25 to C$3.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Canaccord Genuity Group's price target points to a potential upside of 73.41% from the company's previous close.
Other analysts also recently issued research reports about the stock. Acumen Capital dropped their target price on shares of InPlay Oil from C$3.75 to C$3.50 in a research report on Friday, August 16th. Noble Financial raised InPlay Oil to a "strong-buy" rating in a research report on Monday, October 7th.
View Our Latest Analysis on InPlay Oil
InPlay Oil Stock Down 3.4 %
Shares of InPlay Oil stock traded down C$0.06 during trading on Friday, reaching C$1.73. The company's stock had a trading volume of 82,895 shares, compared to its average volume of 85,050. InPlay Oil has a 1-year low of C$1.67 and a 1-year high of C$2.57. The company has a 50-day simple moving average of C$1.96 and a two-hundred day simple moving average of C$2.14. 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 company has a market cap of C$155.91 million, a price-to-earnings ratio of 5.97 and a beta of 2.37.
InPlay Oil (TSE:IPO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.06 earnings per share for the quarter, topping analysts' consensus estimates of C$0.05 by C$0.01. The business had revenue of C$41.46 million for the quarter, compared to analyst estimates 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, equities analysts forecast that InPlay Oil will post 0.3500838 earnings per share for the current year.
About InPlay Oil
(
Get Free Report)
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.
Further Reading
Before you consider InPlay Oil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and InPlay Oil wasn't on the list.
While InPlay Oil currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
