Inpex (OTCMKTS:IPXHY) Trading Up 5% – What’s Next?

Inpex Corp. (OTCMKTS:IPXHY)’s share price shot up 5% on Wednesday . The company traded as high as $23.8382 and last traded at $23.8382. 4,503 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 57,200 shares. The stock had previously closed at $22.70.

Wall Street Analyst Weigh In

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

Inpex Price Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.32. The firm has a market capitalization of $27.30 billion, a P/E ratio of 10.91 and a beta of 0.12. The stock’s 50 day simple moving average is $25.94 and its 200 day simple moving average is $23.42.

Inpex (OTCMKTS:IPXHY) last issued its earnings results on Wednesday, May 13th. The company reported $0.60 EPS for the quarter. The business had revenue of $3.20 billion for the quarter. Inpex had a net margin of 19.02% and a return on equity of 7.55%.

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.