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

Inpex Corp. (OTCMKTS:IPXHY)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $22.7820 and last traded at $22.7112, with a volume of 30696 shares traded. The stock had previously closed at $21.73.

Analyst Upgrades and Downgrades

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

Inpex Price Performance

The stock has a market capitalization of $26.33 billion, a PE ratio of 9.29 and a beta of 0.39. The business’s 50-day moving average price is $20.47 and its 200 day moving average price is $18.39. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.40 and a current ratio of 1.49.

Inpex (OTCMKTS:IPXHY) last posted its quarterly earnings data 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 company had revenue of $3.20 billion during the quarter.

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.