Inpex (OTCMKTS:IPXHY) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Inpex (OTCMKTS:IPXHY – Free Report) to a hold rating in a research note released on Thursday morning,Zacks.com reports.

A number of other brokerages have also issued reports on IPXHY. Sanford C. Bernstein upgraded shares of Inpex from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Nomura upgraded shares of Inpex to a “hold” rating in a research note on Friday, February 20th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

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Inpex Stock Down 0.7%

Shares of OTCMKTS:IPXHY opened at $22.57 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 1.24. The firm has a market capitalization of $26.77 billion, a PE ratio of 10.70 and a beta of 0.12. The firm’s 50-day moving average is $25.49 and its two-hundred day moving average is $23.47. Inpex has a 1 year low of $13.52 and a 1 year high of $31.10.

Inpex (OTCMKTS:IPXHY – Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.60 earnings per share (EPS) for the quarter. The company 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%. Analysts predict that Inpex will post 2.45 EPS for the current year.

Inpex Company Profile

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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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