InPlay Oil Corp.·Energy

INPLAY OIL CP (IPOOF) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.18 per share a year ago.

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InPlay Oil is upgraded to STRONG BUY, driven by robust free cash flow and a secure 7% dividend, even at $55 WTI. IPOOF's scale and productivity gains support a 15% free cash flow yield at $60 WTI, rising to 20% at $65 WTI. Debt reduction using discretionary free cash flow offers clear capital appreciation, with every $40M deleveraging translating to a 10% share price uplift.
InPlay Oil Corp. engages in the acquisition, exploration, development, and production 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 Cardium assets located in West Central Alberta that focus on the Pembina and Willesden Green pools. The company also holds interest in the Belly River light oil property; and the Duvernay light oil play. InPlay Oil Corp. is headquartered in Calgary, Canada.
Energy
Oil & Gas Exploration & Production
26
2017-04-05
1.43