Inpex (OTCMKTS:IPXHY) Posts Earnings Results

Inpex (OTCMKTS:IPXHY) released its quarterly earnings results on Wednesday. The company reported $0.60 EPS for the quarter, Zacks reports. Inpex had a return on equity of 8.00% and a net margin of 19.53%.The company had revenue of $3.20 billion during the quarter.

Inpex Trading Down 0.8%

IPXHY traded down $0.19 during trading on Thursday, hitting $25.01. 6,735 shares of the stock were exchanged, compared to its average volume of 55,395. Inpex has a 1 year low of $12.73 and a 1 year high of $31.10. The firm has a market cap of $29.66 billion, a price-to-earnings ratio of 11.37 and a beta of 0.17. The firm has a 50 day simple moving average of $26.73 and a 200 day simple moving average of $22.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.32.

Analyst Ratings Changes

Several analysts recently 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 analysts have rated the stock with a Hold rating, According to MarketBeat, Inpex has a consensus rating of “Hold”.

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.