In a new note to investors today, an analyst has provided a rating update for InPlay Oil Corp. (IPO). The company received a Buy rating from AltaCorp Captial’s analyst Thomas Matthews, with a C$1.40 price target.
According to TipRanks.com, Matthews is a 2-star analyst with an average return of 0.1% and a 38.0% success rate. Matthews covers the Basic Materials sector, focusing on stocks such as Crescent Point Energy, Bellatrix Exploration, and Obsidian Energy Ltd.
The the analyst consensus on InPlay Oil Corp. is currently a Hold rating.
InPlay Oil Corp.’s market cap is currently C$69.92M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.37.
InPlay Oil Corp. engages in the exploration and development drilling of light oil prospects. The firm focus on large oil in place pools with low recovery factors, low declines, and long life reserves primarily targeting the Cardium Formation in Albert. It manufactures and acquires oil & natural gas properties in Western Canada.
The company’s shares closed on Tuesday at C$1.07.
