Inpex (OTCMKTS:IPXHY) Announces Earnings Results

Inpex (OTCMKTS:IPXHY) issued its quarterly earnings results on Wednesday. The company reported $0.60 EPS for the quarter, Zacks reports. Inpex had a return on equity of 8.00% and a net margin of 19.53%.

Inpex Stock Performance

Shares of OTCMKTS IPXHY traded down $0.01 during mid-day trading on Wednesday, hitting $25.30. The company had a trading volume of 23,836 shares, compared to its average volume of 55,744. The company has a market capitalization of $30.01 billion, a price-to-earnings ratio of 11.50 and a beta of 0.17. Inpex has a 1 year low of $12.73 and a 1 year high of $31.10. The company has a current ratio of 1.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average price is $26.74 and its 200-day moving average price is $22.90.

Analysts Set New Price Targets

Several brokerages have issued reports on IPXHY. Sanford C. Bernstein upgraded Inpex from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Nomura upgraded Inpex to a “hold” rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.