Noble Financial Upgrades InPlay Oil (OTCMKTS:IPOOF) to "Strong-Buy"

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

InPlay Oil Stock Performance

Shares of OTCMKTS IPOOF traded down $0.03 during trading on Monday, reaching $1.52. 46,016 shares of the company traded hands, compared to its average volume of 46,059. InPlay Oil has a 12-month low of $1.42 and a 12-month high of $2.07. The stock has a market cap of $138.04 million, a P/E ratio of 7.58 and a beta of 1.60. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 0.19. The firm's fifty day simple moving average is $1.55 and its 200 day simple moving average is $1.64.

InPlay Oil (OTCMKTS:IPOOF - Get Free Report) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $30.58 million. As a group, research analysts anticipate that InPlay Oil will post 0.16 earnings per share 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.