Inpex (OTCMKTS:IPXHY) Shares Gap Up – Still a Buy?

Inpex Corp. (OTCMKTS:IPXHY) gapped up prior to trading on Monday . The stock had previously closed at $24.2650, but opened at $25.2585. Inpex shares last traded at $25.74, with a volume of 4,687 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Inpex to a “hold” rating in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Inpex Stock Performance

The company has a market cap of $29.24 billion, a price-to-earnings ratio of 10.36 and a beta of 0.13. The firm’s 50 day simple moving average is $22.14 and its 200-day simple moving average is $24.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.17 and a current ratio of 1.24.

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.