Inpex (OTCMKTS:IPXHY) Shares Gap Down – Time to Sell?

Shares of Inpex Corp. (OTCMKTS:IPXHY) gapped down before the market opened on Thursday . The stock had previously closed at $25.27, but opened at $23.91. Inpex shares last traded at $24.5162, with a volume of 41,934 shares changing hands.

Analyst Ratings Changes

Separately, Sanford C. Bernstein cut Inpex to an “underperform” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Inpex Stock Performance

The firm has a fifty day moving average price of $20.88 and a 200 day moving average price of $18.84. The firm has a market capitalization of $29.06 billion, a PE ratio of 10.25 and a beta of 0.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.40.

Inpex (OTCMKTS:IPXHY) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter. Inpex had a return on equity of 8.85% and a net margin of 21.08%.

Inpex Company Profile

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.