Inpex (OTCMKTS:IPXHY) Shares Gap Up – Should You Buy?

Inpex Corp. (OTCMKTS:IPXHY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $24.97, but opened at $26.47. Inpex shares last traded at $26.26, with a volume of 32,033 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on IPXHY. Nomura upgraded shares of Inpex to a “hold” rating in a report on Friday, February 20th. Sanford C. Bernstein raised Inpex from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Inpex Trading Up 0.0%

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.40. The firm’s fifty day moving average is $22.24 and its two-hundred day moving average is $19.92. The firm has a market capitalization of $31.31 billion, a PE ratio of 12.00 and a beta of 0.36.

Inpex (OTCMKTS:IPXHY) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.55 EPS for the quarter. The business 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%.

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.