Inpex (OTCMKTS:IPXHY) Stock Price Down 4.5% – Time to Sell?

Inpex Corp. (OTCMKTS:IPXHY) shares were down 4.5% during mid-day trading on Wednesday . The stock traded as low as $24.77 and last traded at $24.77. 2,236 shares were traded during trading, a decline of 97% from the average daily volume of 65,467 shares. The stock had previously closed at $25.93.

Analysts Set New Price Targets

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 MarketBeat, the stock presently has a consensus rating of “Hold”.

Inpex Stock Down 0.4%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.17 and a current ratio of 1.24. The business has a 50 day simple moving average of $22.48 and a 200-day simple moving average of $24.13. The firm has a market capitalization of $29.66 billion, a price-to-earnings ratio of 10.51 and a beta of 0.14.

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.