Inpex (OTCMKTS:IPXHY) Shares Gap Down – Here’s What Happened

Inpex Corp. (OTCMKTS:IPXHY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $24.35, but opened at $22.9950. Inpex shares last traded at $23.01, with a volume of 3,782 shares traded.

Wall Street Analyst Weigh In

IPXHY has been the topic of a number of recent analyst reports. Nomura upgraded shares of Inpex to a “hold” rating in a research report on Friday, February 20th. Sanford C. Bernstein upgraded shares of Inpex from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Inpex Trading Down 3.6%

The company has a 50-day simple moving average of $26.51 and a 200-day simple moving average of $23.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.32. The stock has a market cap of $27.40 billion, a P/E ratio of 10.95 and a beta of 0.17.

Inpex (OTCMKTS:IPXHY) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.60 earnings per share (EPS) for the quarter. Inpex had a return on equity of 7.55% and a net margin of 19.02%.The firm had revenue of $3.20 billion during 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.