Inpex (OTCMKTS:IPXHY) Shares Gap Down – Time to Sell?

Inpex Corp. (OTCMKTS:IPXHY) gapped down before the market opened on Monday . The stock had previously closed at $23.15, but opened at $21.54. Inpex shares last traded at $21.54, with a volume of 2,244 shares traded.

Analyst Upgrades and Downgrades

IPXHY has been the subject of several analyst reports. Sanford C. Bernstein raised Inpex from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Nomura raised Inpex to a “hold” rating in a research report on Friday, February 20th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Inpex currently has an average rating of “Hold”.

Inpex Stock Down 2.6%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.32. The company’s fifty day moving average price is $26.09 and its 200-day moving average price is $23.41. The stock has a market cap of $25.96 billion, a P/E ratio of 10.37 and a beta of 0.12.

Inpex (OTCMKTS:IPXHY) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.60 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 7.55%.

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.