The Materials sector company, InPlay Oil Corp. (TSX: IPO), has received a rating update from a Wall Street analyst today. Analyst Sam Roach from Canaccord Genuity remains bullish on the stock and has a C$2.75 price target.
According to TipRanks.com, Roach is ranked #659 out of 4850 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for InPlay Oil Corp. with a C$2.75 average price target.
The company has a one-year high of C$1.98 and a one-year low of C$1.28. Currently, InPlay Oil Corp. has an average volume of 38.86K.
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 Thursday at C$1.62.