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

Inpex Corp. (OTCMKTS:IPXHY) shares gapped down prior to trading on Monday . The stock had previously closed at $29.09, but opened at $27.4450. Inpex shares last traded at $27.4450, with a volume of 242 shares trading hands.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Nomura upgraded Inpex to a “hold” rating in a report on Friday, February 20th. Sanford C. Bernstein upgraded Inpex from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Inpex Price Performance

The company’s 50-day moving average price is $24.07 and its 200-day moving average price is $20.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 1.24. The company has a market cap of $34.03 billion, a P/E ratio of 13.04 and a beta of 0.36.

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

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.