Inpex (OTCMKTS:IPXHY) Shares Gap Down – Here’s Why

Inpex Corp. (OTCMKTS:IPXHY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $29.09, but opened at $27.4450. Inpex shares last traded at $27.4450, with a volume of 242 shares traded.

Wall Street Analyst Weigh In

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

Inpex Stock Down 6.8%

The company has a quick ratio of 1.24, a current ratio of 1.32 and a debt-to-equity ratio of 0.14. The stock has a market cap of $32.14 billion, a PE ratio of 12.32 and a beta of 0.35. The business has a 50 day moving average price of $23.75 and a 200 day moving average price of $20.73.

Inpex (OTCMKTS:IPXHY) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.55 earnings per share for the quarter. Inpex had a return on equity of 8.00% and a net margin of 19.53%.The company had revenue of $3.19 billion during the quarter.

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.