Inpex (OTCMKTS:IPXHY) Shares Gap Up – Still a Buy?

Inpex Corp. (OTCMKTS:IPXHY)’s share price gapped up prior to trading on Monday. The stock had previously closed at $24.47, but opened at $25.25. Inpex shares last traded at $25.25, with a volume of 146 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of 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 has a consensus rating of “Hold”.

Inpex Stock Down 3.7%

The stock has a fifty day moving average of $23.86 and a two-hundred day moving average of $24.20. The company has a quick ratio of 1.24, a current ratio of 1.32 and a debt-to-equity ratio of 0.12. The stock has a market cap of $28.03 billion, a price-to-earnings ratio of 9.93 and a beta of 0.14.

About Inpex

INPEX Corporation is a Japan-based energy company engaged primarily in the exploration, development, production and marketing of oil and natural gas. The company supplies crude oil, liquefied natural gas (LNG) and other energy products to customers in Japan and international markets.

Founded in 2005 through the merger of INPEX Corporation and Teikoku Oil Co, Ltd., INPEX has developed a broad portfolio of upstream projects. Its activities span Japan and overseas regions including Australia, Indonesia, the United Arab Emirates and other areas.