Inpex (OTCMKTS:IPXHY) Shares Up 7.7% – Here’s Why

Inpex Corp. (OTCMKTS:IPXHY)’s share price was up 7.7% during mid-day trading on Thursday . The company traded as high as $21.55 and last traded at $21.55. Approximately 768 shares traded hands during trading, a decline of 98% from the average daily volume of 42,556 shares. The stock had previously closed at $20.0170.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein cut shares of Inpex to an “underperform” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Inpex Stock Performance

The stock has a market capitalization of $25.55 billion, a PE ratio of 8.57 and a beta of 0.39. The business’s 50 day moving average is $20.16 and its 200 day moving average is $17.73. The company has a current ratio of 1.49, a quick ratio of 1.40 and a debt-to-equity ratio of 0.16.

Inpex (OTCMKTS:IPXHY) last announced its earnings results on Thursday, November 13th. The company reported $0.40 earnings per share (EPS) for the quarter. Inpex had a return on equity of 8.85% and a net margin of 21.08%.The business had revenue of $3.20 billion during the quarter.

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.