InPlay Oil (TSE:IPO) Given New C$3.00 Price Target 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 report issued to clients and investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 70.45% from the stock’s current price.

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

InPlay Oil Price Performance

Shares of IPO stock traded down C$0.02 on Friday, reaching C$1.76. 23,383 shares of the company were exchanged, compared to its average volume of 84,780. The company has a market cap of C$158.61 million, a price-to-earnings ratio of 6.10 and a beta of 2.37. The business has a 50-day moving average price of C$1.98 and a 200 day moving average price of C$2.15. The company has a debt-to-equity ratio of 19.86, a quick ratio of 0.51 and a current ratio of 1.00. InPlay Oil has a 1 year low of C$1.67 and a 1 year high of C$2.57.

InPlay Oil (TSE:IPO) last posted 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. The firm had revenue of C$41.46 million for the quarter, compared to analyst estimates of C$41.21 million. InPlay Oil had a net margin of 17.18% and a return on equity of 9.08%. Equities research analysts forecast that InPlay Oil will post 0.3500838 earnings per share for the current fiscal 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.