Inpex (OTCMKTS:IPXHY) Stock Price Up 5% – Time to Buy?

Shares of Inpex Corp. (OTCMKTS:IPXHY) rose 5% during mid-day trading on Wednesday . The company traded as high as $23.8382 and last traded at $23.8382. Approximately 4,503 shares were traded during trading, a decline of 92% from the average daily volume of 57,200 shares. The stock had previously closed at $22.70.

Analyst Upgrades and Downgrades

IPXHY has been the subject of a number of recent analyst reports. Sanford C. Bernstein upgraded shares of Inpex from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Nomura upgraded shares of Inpex to a “hold” rating in a report on Friday, February 20th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Inpex Stock Performance

The stock has a market capitalization of $26.95 billion, a P/E ratio of 10.77 and a beta of 0.12. The firm has a 50-day moving average of $25.60 and a 200 day moving average of $23.48. The company has a quick ratio of 1.24, a current ratio of 1.32 and a debt-to-equity ratio of 0.14.

Inpex (OTCMKTS:IPXHY) last issued its earnings results on Wednesday, May 13th. The company reported $0.60 EPS for the quarter. The firm had revenue of $3.20 billion during the quarter. Inpex had a return on equity of 7.55% and a net margin of 19.02%.

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.