Inpex (OTCMKTS:IPXHY) Sets New 12-Month High – Time to Buy?

Shares of Inpex Corp. (OTCMKTS:IPXHY) reached a new 52-week high on Thursday . The company traded as high as $28.14 and last traded at $27.25, with a volume of 10662 shares traded. The stock had previously closed at $26.71.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IPXHY. Sanford C. Bernstein raised Inpex from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Nomura upgraded Inpex to a “hold” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Inpex Price Performance

The firm has a market cap of $32.50 billion, a P/E ratio of 12.45 and a beta of 0.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 1.40. The firm’s 50 day moving average is $22.86 and its 200 day moving average is $20.27.

Inpex (OTCMKTS:IPXHY) last announced its earnings results on Thursday, February 12th. The company reported $0.55 earnings per share for the quarter. Inpex had a net margin of 19.53% and a return on equity of 8.00%. The business had revenue of $3.19 billion during 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.