Inpex (OTCMKTS:IPXHY) Posts Quarterly Earnings Results

Inpex (OTCMKTS:IPXHY) announced its quarterly earnings data on Thursday. The company reported $0.55 earnings per share for the quarter, Zacks reports. Inpex had a net margin of 21.08% and a return on equity of 8.85%.

Inpex Stock Performance

OTCMKTS IPXHY traded down $1.02 during trading hours on Thursday, hitting $24.25. The company had a trading volume of 31,950 shares, compared to its average volume of 42,632. The business has a 50 day moving average of $20.88 and a 200-day moving average of $18.84. The company has a market cap of $28.76 billion, a PE ratio of 10.15 and a beta of 0.40. Inpex has a 1-year low of $11.27 and a 1-year high of $25.43. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.40 and a current ratio of 1.49.

Analysts Set New Price Targets

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

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.