InPlay Oil (TSE:IPO) Price Target Lowered to C$3.00 at Canaccord Genuity Group

InPlay Oil (TSE:IPO) had its target price dropped by investment analysts at Canaccord Genuity Group from C$3.25 to C$3.00 in a research note issued to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price objective would suggest a potential upside of 70.45% from the company’s previous close.

A number of other analysts also recently weighed in on IPO. Acumen Capital reduced their target price on shares of InPlay Oil from C$3.75 to C$3.50 in a report on Friday, August 16th. Noble Financial raised shares of InPlay Oil to a “strong-buy” rating in a research report on Monday, October 7th.

InPlay Oil Stock Performance

TSE:IPO traded down C$0.02 during trading hours on Friday, reaching C$1.76. The company had a trading volume of 23,383 shares, compared to its average volume of 84,780. The company has a current ratio of 1.00, a quick ratio of 0.51 and a debt-to-equity ratio of 19.86. InPlay Oil has a 52 week low of C$1.67 and a 52 week high of C$2.57. The firm has a market cap of C$158.61 million, a price-to-earnings ratio of 6.10 and a beta of 2.37. The firm’s 50 day moving average price is C$1.98 and its 200-day moving average price is C$2.15.

InPlay Oil (TSE:IPO) last issued its quarterly earnings data on Wednesday, August 14th. The company reported C$0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.01. InPlay Oil had a net margin of 17.18% and a return on equity of 9.08%. The firm had revenue of C$41.46 million during the quarter, compared to the consensus estimate of C$41.21 million. On average, analysts forecast that InPlay Oil will post 0.3500838 EPS for the current year.

InPlay Oil Company Profile

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.