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

Inpex Corp. (OTCMKTS:IPXHY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $26.86, but opened at $25.53. Inpex shares last traded at $25.50, with a volume of 15,578 shares.

Analysts Set New Price Targets

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

Inpex Stock Performance

The firm’s 50-day moving average is $26.26 and its 200 day moving average is $21.97. The stock has a market cap of $30.23 billion, a PE ratio of 11.59 and a beta of 0.27. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.32.

Inpex (OTCMKTS:IPXHY) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.55 EPS for the quarter. Inpex had a net margin of 19.53% and a return on equity of 8.00%. The firm had revenue of $3.19 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.