Inpex (OTCMKTS:IPXHY) Stock Price Down 4% – Here’s Why

Shares of Inpex Corp. (OTCMKTS:IPXHY) fell 4% on Tuesday. The stock traded as low as $23.3575 and last traded at $23.5650. Approximately 1,707 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 63,157 shares. The stock had previously closed at $24.55.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of 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, the stock has an average rating of “Hold”.

Inpex Price Performance

The firm has a fifty day simple moving average of $23.91 and a two-hundred day simple moving average of $24.18. The firm has a market cap of $27.84 billion, a PE ratio of 9.86 and a beta of 0.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.24 and a current ratio of 1.32.

About Inpex

INPEX Corporation is a Japanese energy company engaged in the exploration, development, production and marketing of oil and natural gas. Its activities include crude oil, natural gas and liquefied natural gas (LNG) projects, with a focus on developing energy resources and supplying them to customers in Japan and international markets.

The company has operations and investments across several regions, including Japan, Australia, Indonesia and the United Arab Emirates. Its major projects include the Ichthys LNG project in Australia, which produces LNG, liquefied petroleum gas and condensate, as well as oil and gas developments in Indonesia and the UAE.