InPlay Oil (TSE:IPO) Stock Rating Reaffirmed by Noble Financial

InPlay Oil (TSE:IPOGet Rating)‘s stock had its “buy” rating restated by equities researchers at Noble Financial in a research note issued to investors on Thursday. They presently have a C$6.00 price target on the stock. Noble Financial’s target price would indicate a potential upside of 101.34% from the company’s current price.

Separately, Atb Cap Markets restated an “outperform” rating on shares of InPlay Oil in a research note on Tuesday.

InPlay Oil Stock Performance

Shares of TSE IPO opened at C$2.98 on Thursday. The stock has a market capitalization of C$259.71 million and a P/E ratio of 2.07. The firm’s 50-day moving average price is C$3.03 and its two-hundred day moving average price is C$3.13. InPlay Oil has a 52-week low of C$2.25 and a 52-week high of C$5.11. The company has a quick ratio of 0.51, a current ratio of 0.75 and a debt-to-equity ratio of 15.34.

InPlay Oil (TSE:IPOGet Rating) last issued its earnings results on Wednesday, November 9th. The company reported C$0.17 earnings per share for the quarter. The company had revenue of C$56.99 million during the quarter. As a group, sell-side analysts forecast that InPlay Oil will post 1.13 earnings per share for the current year.

InPlay Oil Company Profile

(Get Rating)

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 primarily holds interests in the Cardium assets located in West Central Alberta that focus on the Pembina and Willesden Green pools.

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