Inpex Corp. (OTCMKTS:IPXHY – Get Free Report)’s stock price was down 4.5% during mid-day trading on Wednesday . The stock traded as low as $24.77 and last traded at $24.77. Approximately 2,236 shares were traded during trading, a decline of 97% from the average session volume of 65,467 shares. The stock had previously closed at $25.93.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Inpex to a “hold” rating in a research note on Thursday, June 4th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.
Get Our Latest Analysis on Inpex
Inpex Price Performance
About Inpex
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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