Inpex (OTCMKTS:IPXHY) Sets New 52-Week High – Should You Buy?

Inpex Corp. (OTCMKTS:IPXHY) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $27.47 and last traded at $26.88, with a volume of 1152 shares trading hands. The stock had previously closed at $23.75.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IPXHY shares. Nomura upgraded Inpex to a “hold” rating in a research note on Friday, February 20th. Sanford C. Bernstein cut shares of Inpex to an “underperform” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Inpex Stock Performance

The business’s fifty day moving average price is $21.68 and its two-hundred day moving average price is $19.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.40 and a current ratio of 1.49. The stock has a market capitalization of $30.85 billion, a P/E ratio of 11.82 and a beta of 0.35.

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

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.