Inpex (OTCMKTS:IPXHY) Reaches New 1-Year High – Here’s Why

Inpex Corp. (OTCMKTS:IPXHY) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $25.4050 and last traded at $25.4050, with a volume of 3671 shares traded. The stock had previously closed at $25.01.

Analyst Upgrades and Downgrades

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

Inpex Stock Performance

The stock has a market cap of $27.09 billion, a P/E ratio of 9.56 and a beta of 0.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.40. The company has a fifty day moving average of $20.96 and a 200 day moving average of $18.88.

Inpex (OTCMKTS:IPXHY) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter. Inpex had a return on equity of 8.85% and a net margin of 21.08%.The company had revenue of $3.19 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.