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

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) posted its quarterly earnings results on Wednesday. The company reported $1.11 earnings per share (EPS) for the quarter, Zacks reports.

Idemitsu Kosan Co.,Ltd. Stock Performance

IDKOY stock traded up $0.83 during mid-day trading on Wednesday, hitting $17.20. The stock had a trading volume of 9,811 shares, compared to its average volume of 3,189. Idemitsu Kosan Co.,Ltd. has a 1-year low of $13.70 and a 1-year high of $22.79. The company has a fifty day moving average of $19.66 and a 200 day moving average of $17.98.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Idemitsu Kosan Co.,Ltd. from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock presently 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.