Inpex (OTCMKTS:IPXHY) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Inpex Corp. (OTCMKTS:IPXHY) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $20.26 and traded as high as $20.3050. Inpex shares last traded at $20.29, with a volume of 56,643 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein cut Inpex to an “underperform” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Inpex Stock Down 0.4%

The company has a quick ratio of 1.40, a current ratio of 1.49 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $24.06 billion, a PE ratio of 8.49 and a beta of 0.39. The firm’s fifty day moving average is $20.26 and its 200-day moving average is $17.96.

Inpex (OTCMKTS:IPXHY) last released its earnings results on Thursday, November 13th. The company reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $3.20 billion for the quarter. Inpex had a return on equity of 8.85% and a net margin of 21.08%.

Inpex Company Profile

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.