Inpex (OTCMKTS:IPXHY) Trading Up 5% – What’s Next?

Shares of Inpex Corp. (OTCMKTS:IPXHYGet Free Report) were up 5% during trading on Wednesday . The stock traded as high as $23.8382 and last traded at $23.8382. Approximately 4,503 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 57,200 shares. The stock had previously closed at $22.70.

Analyst Upgrades and Downgrades

Several analysts have commented on IPXHY shares. Nomura upgraded shares of Inpex to a “hold” rating in a research note on Friday, February 20th. Sanford C. Bernstein upgraded shares of Inpex from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Read Our Latest Stock Analysis on IPXHY

Inpex Price Performance

The firm’s 50-day moving average price is $25.94 and its 200-day moving average price is $23.42. The company has a current ratio of 1.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $27.30 billion, a PE ratio of 10.91 and a beta of 0.12.

Inpex (OTCMKTS:IPXHYGet Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $3.20 billion for the quarter. Inpex had a net margin of 19.02% and a return on equity of 7.55%.

Inpex Company Profile

(Get Free Report)

INPEX is a Japan-based energy company primarily engaged in the exploration, development, production and sale of oil and natural gas resources. The company’s activities span upstream exploration and field development, midstream project execution — notably liquefied natural gas (LNG) facilities — and related resource management and commercial operations. INPEX’s portfolio includes conventional and unconventional hydrocarbon assets and associated engineering and project-management expertise to bring complex developments into production.

INPEX is known for participation and leadership in large-scale LNG projects, including the Ichthys LNG development off northern Australia, which represents a core midstream and export capability in the company’s business mix.

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