Inpex (OTCMKTS:IPXHY) Shares Gap Up – Should You Buy?

Inpex Corp. (OTCMKTS:IPXHY) gapped up prior to trading on Monday . The stock had previously closed at $26.11, but opened at $27.01. Inpex shares last traded at $26.7450, with a volume of 6,457 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. 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 analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Inpex currently has a consensus rating of “Hold”.

Inpex Price Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 1.24. The company has a 50 day moving average price of $26.08 and a 200 day moving average price of $21.86. The firm has a market cap of $31.95 billion, a PE ratio of 12.25 and a beta of 0.27.

Inpex (OTCMKTS:IPXHY) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.55 EPS for the quarter. Inpex had a return on equity of 8.00% and a net margin of 19.53%.The business 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.