Inpex (OTCMKTS:IPXHY) Shares Gap Up – Here’s What Happened

Shares of Inpex Corp. (OTCMKTS:IPXHY) gapped up prior to trading on Tuesday . The stock had previously closed at $23.75, but opened at $24.46. Inpex shares last traded at $24.46, with a volume of 738 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Inpex to a “hold” rating in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Inpex Stock Up 0.3%

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.24 and a quick ratio of 1.17. The firm has a market capitalization of $28.80 billion, a P/E ratio of 10.20 and a beta of 0.13. The business has a 50 day moving average price of $21.76 and a 200 day moving average price of $24.03.

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.