Inpex (OTCMKTS:IPXHY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Inpex Corp. (OTCMKTS:IPXHY) saw unusually-strong trading volume on Tuesday . Approximately 43,422 shares traded hands during trading, an increase of 5% from the previous session’s volume of 41,246 shares.The stock last traded at $25.04 and had previously closed at $23.54.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein cut Inpex to an “underperform” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Inpex Trading Up 3.7%

The business’s 50 day moving average price is $20.69 and its 200-day moving average price is $18.72. The company has a market cap of $29.72 billion, a price-to-earnings ratio of 10.49 and a beta of 0.40. 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 posted its earnings results on Thursday, November 13th. The company reported $0.40 earnings per share for the quarter. Inpex had a net margin of 21.08% and a return on equity of 8.85%. 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.