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

Inpex (OTCMKTS:IPXHY) was upgraded by Zacks Research to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other research firms also recently commented on IPXHY. Sanford C. Bernstein raised shares of Inpex from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Nomura raised shares of Inpex to a “hold” rating in a research report on Friday, February 20th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Inpex presently has an average rating of “Hold”.

Inpex Price Performance

Shares of IPXHY opened at $22.57 on Thursday. Inpex has a fifty-two week low of $13.52 and a fifty-two week high of $31.10. The firm’s 50 day moving average price is $25.49 and its 200 day moving average price is $23.47. The company has a quick ratio of 1.24, a current ratio of 1.32 and a debt-to-equity ratio of 0.14. The company has a market cap of $26.77 billion, a P/E ratio of 10.70 and a beta of 0.12.

Inpex (OTCMKTS:IPXHY) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.60 EPS for the quarter. Inpex had a net margin of 19.02% and a return on equity of 7.55%. The company had revenue of $3.20 billion for the quarter. On average, research analysts forecast that Inpex will post 2.45 earnings per share for the current fiscal year.

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.