Inpex (OTCMKTS:IPXHY) Hits New 52-Week High – Time to Buy?

Inpex Corp. (OTCMKTS:IPXHY)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $25.4050 and last traded at $25.4050, with a volume of 3671 shares trading hands. The stock had previously closed at $25.01.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein cut shares of Inpex to an “underperform” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Inpex currently has a consensus rating of “Sell”.

Inpex Price Performance

The company has a current ratio of 1.49, a quick ratio of 1.40 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $29.94 billion, a P/E ratio of 10.56 and a beta of 0.40. The business’s fifty day moving average price is $20.78 and its 200-day moving average price is $18.79.

Inpex (OTCMKTS:IPXHY) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.40 earnings per share for the quarter. Inpex had a return on equity of 8.85% and a net margin of 21.08%.The business had revenue of $3.20 billion for the quarter.

About Inpex

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.