Inpex (OTCMKTS:IPXHY) Rating Increased to Hold at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Inpex (OTCMKTS:IPXHY) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks.com reports.

Separately, Nomura upgraded shares of Inpex to a “hold” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Inpex Stock Performance

IPXHY opened at $25.85 on Monday. 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 business has a fifty day simple moving average of $21.89 and a 200 day simple moving average of $19.76. Inpex has a 1 year low of $11.27 and a 1 year high of $27.47. The company has a market capitalization of $30.66 billion, a PE ratio of 11.75 and a beta of 0.36.

Inpex (OTCMKTS:IPXHY) last posted its earnings results on Thursday, February 12th. The company reported $0.55 earnings per share for the quarter. The company had revenue of $3.19 billion during the quarter. Inpex had a return on equity of 8.07% and a net margin of 19.53%.

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.