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

Inpex Corp. (OTCMKTS:IPXHY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $22.97, but opened at $21.50. Inpex shares last traded at $21.72, with a volume of 1,525 shares trading hands.

Analyst Upgrades and Downgrades

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

Inpex Trading Down 1.8%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.17 and a current ratio of 1.24. The business has a 50-day simple moving average of $21.65 and a two-hundred day simple moving average of $23.83. The stock has a market cap of $25.81 billion, a price-to-earnings ratio of 10.32 and a beta of 0.13.

Inpex (OTCMKTS:IPXHY) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $3.20 billion for the quarter. Inpex had a net margin of 19.02% and a return on equity of 7.66%. As a group, research analysts forecast that Inpex Corp. will post 2.45 EPS for the current year.

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.