Inpex (OTCMKTS:IPXHY) Reaches New 1-Year High – Time to Buy?

Inpex Corp. (OTCMKTS:IPXHY) reached a new 52-week high on Wednesday . The stock traded as high as $28.53 and last traded at $28.43, with a volume of 68806 shares changing hands. The stock had previously closed at $27.14.

Wall Street Analyst Weigh In

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

Inpex Stock Performance

The firm has a 50 day moving average of $23.17 and a two-hundred day moving average of $20.47. The stock has a market cap of $33.72 billion, a PE ratio of 12.92 and a beta of 0.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 1.24.

Inpex (OTCMKTS:IPXHY) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.55 EPS for the quarter. Inpex had a net margin of 19.53% and a return on equity of 8.00%. The firm had revenue of $3.19 billion for 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.