Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Issues Earnings Results

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) announced its quarterly earnings data on Wednesday. The company reported $1.11 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $17.50 billion during the quarter.

Idemitsu Kosan Co.,Ltd. Price Performance

IDKOY stock remained flat at $16.57 during trading on Friday. 8,032 shares of the company were exchanged, compared to its average volume of 2,818. The business’s fifty day moving average is $19.60 and its 200-day moving average is $17.98. Idemitsu Kosan Co.,Ltd. has a twelve month low of $13.70 and a twelve month high of $22.79.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Idemitsu Kosan Co.,Ltd. from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Idemitsu Kosan Co.,Ltd. Company Profile

Idemitsu Kosan Co., Ltd. is a Japanese energy and materials company whose roots trace to a petroleum sales business founded by Sazo Idemitsu in 1911. The company is headquartered in Tokyo and has grown into a broad-based supplier of energy and industrial products. Its businesses include refining and marketing petroleum products such as gasoline, kerosene, diesel, and lubricants; producing petrochemicals and other materials; and developing and supplying energy resources, including oil, natural gas, and coal.