Inpex (OTCMKTS:IPXHY) Shares Gap Up – What’s Next?

Inpex Corp. (OTCMKTS:IPXHY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $24.97, but opened at $26.47. Inpex shares last traded at $26.26, with a volume of 32,033 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on IPXHY. Sanford C. Bernstein upgraded Inpex from a “strong sell” rating to a “hold” rating in a report on Monday. Nomura upgraded Inpex to a “hold” rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Inpex Stock Up 4.7%

The firm has a market cap of $31.00 billion, a PE ratio of 11.88 and a beta of 0.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.40. The business has a fifty day moving average price of $21.99 and a two-hundred day moving average price of $19.80.

Inpex (OTCMKTS:IPXHY) last released its earnings results on Thursday, February 12th. The company reported $0.55 earnings per share for the quarter. The company had revenue of $3.19 billion for the quarter. Inpex had a return on equity of 8.07% and a net margin of 19.53%.

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.