Zacks Research Upgrades Inpex (OTCMKTS:IPXHY) to “Hold”

Inpex (OTCMKTS:IPXHY) was upgraded by research analysts at Zacks Research to a “hold” rating in a report released on Thursday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Sanford C. Bernstein raised Inpex from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Nomura raised Inpex to a “hold” rating in a report on Friday, February 20th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Inpex Price Performance

Shares of IPXHY stock opened at $22.57 on Thursday. Inpex has a 1-year low of $13.52 and a 1-year high of $31.10. The stock’s 50-day moving average is $25.49 and its 200 day moving average is $23.47. The company has a market cap of $26.77 billion, a P/E ratio of 10.70 and a beta of 0.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 1.24.

Inpex (OTCMKTS:IPXHY) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.60 earnings per share for the quarter. Inpex had a return on equity of 7.55% and a net margin of 19.02%.The company had revenue of $3.20 billion for the quarter. Research analysts predict that Inpex will post 2.45 earnings per share for the current fiscal year.

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.