Inpex (OTCMKTS:IPXHY) Upgraded by Zacks Research to “Hold” Rating

Inpex (OTCMKTS:IPXHY) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities analysts have also weighed in on IPXHY. Nomura raised shares of Inpex to a “hold” rating in a research report on Friday, February 20th. Sanford C. Bernstein upgraded shares of Inpex from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Inpex Stock Down 0.7%

Shares of OTCMKTS IPXHY opened at $22.57 on Thursday. 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 capitalization of $26.77 billion, a price-to-earnings ratio of 10.70 and a beta of 0.12. The firm has a 50-day moving average price of $25.49 and a 200 day moving average price of $23.47. Inpex has a 52 week low of $13.52 and a 52 week high of $31.10.

Inpex (OTCMKTS:IPXHY) last announced its earnings results on Wednesday, May 13th. The company reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $3.20 billion during the quarter. Inpex had a net margin of 19.02% and a return on equity of 7.55%. Equities research analysts anticipate that Inpex will post 2.45 EPS for the current fiscal year.

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.