Inpex (OTCMKTS:IPXHY) Shares Gap Down – Here’s Why

Inpex Corp. (OTCMKTS:IPXHY) gapped down prior to trading on Tuesday . The stock had previously closed at $22.97, but opened at $21.50. Inpex shares last traded at $21.72, with a volume of 1,525 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Inpex to a “hold” rating in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Inpex Trading Down 1.8%

The company has a quick ratio of 1.17, a current ratio of 1.24 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $25.81 billion, a P/E ratio of 10.32 and a beta of 0.13. The company has a fifty day simple moving average of $21.65 and a two-hundred day simple moving average of $23.83.

Inpex (OTCMKTS:IPXHY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.60 EPS for the quarter. Inpex had a return on equity of 7.66% and a net margin of 19.02%.The company had revenue of $3.20 billion for the quarter. On average, sell-side analysts expect that Inpex Corp. will post 2.45 earnings per share for the current year.

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.