Inpex (OTCMKTS:IPXHY) Issues Earnings Results

Inpex (OTCMKTS:IPXHY) announced its earnings results on Wednesday. The company reported $0.60 earnings per share (EPS) for the quarter, Zacks reports. Inpex had a return on equity of 8.00% and a net margin of 19.53%.

Inpex Stock Performance

Inpex stock traded down $0.01 during mid-day trading on Wednesday, reaching $25.30. 23,836 shares of the company’s stock were exchanged, compared to its average volume of 55,744. The business’s fifty day simple moving average is $26.74 and its 200 day simple moving average is $22.90. The firm has a market capitalization of $30.01 billion, a PE ratio of 11.50 and a beta of 0.17. Inpex has a one year low of $12.73 and a one year high of $31.10. The company has a quick ratio of 1.24, a current ratio of 1.32 and a debt-to-equity ratio of 0.14.

Wall Street Analysts Forecast Growth

IPXHY has been the topic of several analyst reports. Nomura raised Inpex to a “hold” rating in a research report on Friday, February 20th. Sanford C. Bernstein raised 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, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

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.