Inpex (OTCMKTS:IPXHY) Hits New 1-Year High – Time to Buy?

Inpex Corp. (OTCMKTS:IPXHY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $22.02 and last traded at $21.83, with a volume of 18127 shares changing hands. The stock had previously closed at $21.4350.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein lowered Inpex to an “underperform” rating in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Inpex Stock Up 1.8%

The business has a 50-day simple moving average of $20.30 and a two-hundred day simple moving average of $18.16. The company has a market capitalization of $25.88 billion, a price-to-earnings ratio of 9.13 and a beta of 0.39. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.40 and a current ratio of 1.49.

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

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.