InPlay Oil IPO) Given a C$2.50 Price Target by Laurentian Analysts

Laurentian set a C$2.50 price target on InPlay Oil (TSE:IPO) in a research note released on Wednesday,

Separately, National Bank Financial dropped their price target on shares of InPlay Oil from C$2.00 to C$1.50 and set an outperform rating on the stock on Tuesday, June 25th.

Get InPlay Oil alerts: IPO stock opened at C$0.63 on Wednesday. The firm has a market capitalization of $45.05 million and a price-to-earnings ratio of -4.77. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 27.33. The firm’s fifty day moving average price is C$0.62. InPlay Oil has a one year low of C$0.56 and a one year high of C$1.85.

InPlay Oil (TSE:IPO) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$19.21 million for the quarter. Research analysts predict that InPlay Oil will post 0.13 EPS 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.

Further Reading: What is the return on assets (ROA) ratio?