InPlay Oil (TSE:IPO) Price Target Cut to C$1.25 by Analysts at National Bank Financial

InPlay Oil (TSE:IPO) had its target price reduced by National Bank Financial from C$1.50 to C$1.25 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 111.86% from the stock’s previous close.

Separately, Laurentian set a C$2.50 price target on InPlay Oil in a research report on Wednesday, August 7th.

Shares of IPO traded down C$0.02 during trading hours on Friday, hitting C$0.59. The company had a trading volume of 2,832 shares, compared to its average volume of 146,520. The company has a market capitalization of $40.95 million and a PE ratio of -2.47. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 29.44. InPlay Oil has a one year low of C$0.56 and a one year high of C$1.36. The company’s fifty day moving average price is C$0.64 and its two-hundred day moving average price is C$0.75.

InPlay Oil (TSE:IPO) last released its quarterly earnings results on Wednesday, August 7th. The company reported C($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.01 by C($0.12). The firm had revenue of C$20.00 million during the quarter. Analysts forecast that InPlay Oil will post 0.07 earnings per share for the current year.

InPlay Oil Company Profile

InPlay Oil Corp. engages in the acquisition, exploration, and development 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 Caradium Formation in the Pembina and Willesden Green pools located in West Central Alberta.

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