Inpex (OTCMKTS:IPXHY) Stock Price Down 4% – What’s Next?

Inpex Corp. (OTCMKTS:IPXHY)’s share price was down 4% during mid-day trading on Tuesday. The company traded as low as $23.3575 and last traded at $23.5650. 1,707 shares changed hands during trading, a decline of 97% from the average daily volume of 63,157 shares. The stock had previously closed at $24.55.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Inpex to a “hold” rating in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Inpex Trading Down 2.0%

The stock has a 50 day moving average of $23.91 and a 200-day moving average of $24.18. The company has a market capitalization of $27.84 billion, a P/E ratio of 9.86 and a beta of 0.14. The company has a current ratio of 1.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.12.

About Inpex

INPEX Corporation is a Japanese energy company engaged in the exploration, development, production and marketing of oil and natural gas. Its activities include crude oil, natural gas and liquefied natural gas (LNG) projects, with a focus on developing energy resources and supplying them to customers in Japan and international markets.

The company has operations and investments across several regions, including Japan, Australia, Indonesia and the United Arab Emirates. Its major projects include the Ichthys LNG project in Australia, which produces LNG, liquefied petroleum gas and condensate, as well as oil and gas developments in Indonesia and the UAE.