Inpex (OTCMKTS:IPXHY) Reaches New 12-Month High – What’s Next?

Inpex Corp. (OTCMKTS:IPXHY) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $30.52 and last traded at $29.4960, with a volume of 13559 shares. The stock had previously closed at $28.02.

Analyst Ratings Changes

Several research firms recently weighed in on IPXHY. Nomura upgraded Inpex to a “hold” rating in a report on Friday, February 20th. Sanford C. Bernstein upgraded Inpex from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Inpex Trading Up 3.5%

The company has a market capitalization of $35.95 billion, a P/E ratio of 13.78 and a beta of 0.36. The company has a 50-day simple moving average of $24.60 and a 200 day simple moving average of $21.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.32.

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

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.