Beacon Securities Comments on InPlay Oil Corp’s Q1 2019 Earnings (IPO)

InPlay Oil Corp (TSE:IPO) – Stock analysts at Beacon Securities issued their Q1 2019 EPS estimates for InPlay Oil in a research report issued on Thursday, March 21st, Zacks Investment Research reports. Beacon Securities analyst K. Wilson expects that the company will earn $0.00 per share for the quarter. Beacon Securities also issued estimates for InPlay Oil’s Q2 2019 earnings at ($0.01) EPS, Q3 2019 earnings at ($0.01) EPS and Q4 2019 earnings at ($0.01) EPS.

Several other research firms have also recently commented on IPO. National Bank Financial lowered their price target on InPlay Oil from C$2.25 to C$2.00 and set an “outperform” rating for the company in a report on Wednesday, January 23rd. Canaccord Genuity lowered their price target on InPlay Oil from C$2.75 to C$2.00 in a report on Thursday, January 10th.

InPlay Oil stock traded up C$0.01 during midday trading on Friday, reaching C$1.12. 37,200 shares of the company were exchanged, compared to its average volume of 56,680. The company has a current ratio of 0.46, a quick ratio of 0.20 and a debt-to-equity ratio of 24.73. The stock has a market cap of $75.77 million and a PE ratio of -8.82. InPlay Oil has a 1 year low of C$0.82 and a 1 year high of C$1.98.

InPlay Oil (TSE:IPO) last posted its quarterly earnings data on Wednesday, March 20th. The company reported C($0.12) EPS for the quarter. The company had revenue of C$12.72 million during the quarter.

About InPlay Oil

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.

See Also: Systematic Risk

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