Wall Street analyst has provided a review today, and retained the same rating on the stock. Analyst Michael Heim from Noble Financial remains bullish on InPlay Oil Corp. (IPO – Research Report) and has a $6.00 price target.
Heim has an average return of 165.4% when recommending InPlay Oil Corp..
According to TipRanks.com, Heim is ranked #173 out of 8549 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for InPlay Oil Corp. with a C$8.07 average price target.
InPlay Oil Corp.’s market cap is currently C$238.8M and has a P/E ratio of 3.14.
InPlay Oil Corp is an oil development and production company based in Calgary, Alberta. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas, and natural gas liquids. The company’s operations are focused on concentrated light oil asset base located in West Central Alberta. It derives revenue from selling its production of crude oil, natural gas and NGLs under variable price contracts.
The company’s shares closed last Wednesday at C$2.57.
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