Inpex (OTCMKTS:IPXHY) Stock Price Up 4.3% – Should You Buy?

Inpex Corp. (OTCMKTS:IPXHY)’s share price traded up 4.3% on Tuesday . The company traded as high as $25.80 and last traded at $25.7850. Approximately 19,945 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 65,570 shares. The stock had previously closed at $24.72.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Inpex to a “hold” rating in a research report on Thursday, June 4th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Inpex Stock Up 4.5%

The company has a current ratio of 1.24, a quick ratio of 1.17 and a debt-to-equity ratio of 0.14. The company has a market cap of $30.64 billion, a P/E ratio of 10.86 and a beta of 0.13. The stock’s 50-day moving average price is $22.21 and its 200-day moving average price is $24.10.

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.