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

Inpex Corp. (OTCMKTS:IPXHY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $25.93, but opened at $25.23. Inpex shares last traded at $25.23, with a volume of 13,700 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Inpex to a “hold” rating in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Inpex presently has a consensus rating of “Hold”.

Inpex Trading Up 0.3%

The company has a quick ratio of 1.17, a current ratio of 1.24 and a debt-to-equity ratio of 0.14. The stock has a market cap of $29.85 billion, a price-to-earnings ratio of 10.57 and a beta of 0.14. The business has a 50-day moving average of $22.39 and a 200-day moving average of $24.11.

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.