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

Inpex Corp. (OTCMKTS:IPXHY) shares gapped down before the market opened on Thursday . The stock had previously closed at $25.27, but opened at $23.91. Inpex shares last traded at $24.5162, with a volume of 41,934 shares.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein lowered shares of Inpex to an “underperform” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Inpex Stock Performance

The stock’s 50-day moving average price is $21.01 and its 200 day moving average price is $18.94. The company has a quick ratio of 1.40, a current ratio of 1.49 and a debt-to-equity ratio of 0.16. The company has a market cap of $27.09 billion, a P/E ratio of 10.38 and a beta of 0.40.

Inpex (OTCMKTS:IPXHY) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter. The business had revenue of $3.19 billion during the quarter. Inpex had a net margin of 19.53% and a return on equity of 8.07%.

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.