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

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

Separately, Acumen Capital decreased their price target on InPlay Oil from C$3.75 to C$3.50 in a research note on Friday, August 16th.

InPlay Oil Trading Down 1.0 %

InPlay Oil stock traded down C$0.02 during midday trading on Monday, reaching C$2.04. The stock had a trading volume of 153,186 shares, compared to its average volume of 81,674. The company has a debt-to-equity ratio of 19.86, a current ratio of 1.00 and a quick ratio of 0.51. InPlay Oil has a twelve month low of C$1.92 and a twelve month high of C$2.75. The firm's fifty day simple moving average is C$2.11 and its two-hundred day simple moving average is C$2.24. The firm has a market cap of C$183.84 million, a price-to-earnings ratio of 7.03 and a beta of 2.37.

InPlay Oil (TSE:IPO - Get Free Report) last announced 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. InPlay Oil had a return on equity of 9.08% and a net margin of 17.18%. The company had revenue of C$41.46 million during the quarter, compared to analysts' expectations of C$41.21 million. Equities analysts anticipate 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.