Inpex (OTCMKTS:IPXHY) Shares Gap Up – Time to Buy?

Inpex Corp. (OTCMKTS:IPXHY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $24.97, but opened at $26.47. Inpex shares last traded at $26.26, with a volume of 32,033 shares trading hands.

Wall Street Analyst Weigh In

IPXHY has been the subject of several analyst reports. Nomura upgraded Inpex to a “hold” rating in a research report on Friday, February 20th. Sanford C. Bernstein upgraded Inpex from a “strong sell” rating to a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Inpex Price Performance

The stock has a market capitalization of $31.00 billion, a price-to-earnings ratio of 11.88 and a beta of 0.36. The business has a 50-day simple moving average of $21.99 and a two-hundred day simple moving average of $19.80. The company has a quick ratio of 1.40, a current ratio of 1.49 and a debt-to-equity ratio of 0.16.

Inpex (OTCMKTS:IPXHY) last released its 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 8.07% and a net margin of 19.53%.The firm had revenue of $3.19 billion for the quarter.

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.