Inpex (OTCMKTS:IPXHY) Shares Gap Down – Should You Sell?

Inpex Corp. (OTCMKTS:IPXHY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $24.35, but opened at $22.9950. Inpex shares last traded at $23.01, with a volume of 3,782 shares traded.

Analysts Set New Price Targets

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

Inpex Stock Up 1.3%

The stock’s fifty day moving average is $26.34 and its 200 day moving average is $23.36. The company has a current ratio of 1.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $27.46 billion, a P/E ratio of 10.97 and a beta of 0.17.

Inpex (OTCMKTS:IPXHY) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $3.20 billion for the quarter. Inpex had a return on equity of 7.55% and a net margin of 19.02%.

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.