Inpex (OTCMKTS:IPXHY) Stock Price Down 4% – What’s Next?

Shares of Inpex Corp. (OTCMKTS:IPXHY) fell 4% during trading on Wednesday . The company traded as low as $24.70 and last traded at $24.81. 25,121 shares changed hands during trading, a decline of 44% from the average session volume of 44,845 shares. The stock had previously closed at $25.85.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IPXHY. Nomura upgraded shares of Inpex to a “hold” rating in a research note on Friday, February 20th. Sanford C. Bernstein raised shares of Inpex from a “strong sell” rating to a “hold” rating in a report on Monday. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Inpex Trading Up 3.7%

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.40. The business’s 50-day moving average is $22.11 and its 200 day moving average is $19.84. The firm has a market capitalization of $30.71 billion, a P/E ratio of 11.77 and a beta of 0.36.

Inpex (OTCMKTS:IPXHY) last announced its earnings results on Thursday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter. Inpex had a net margin of 19.53% and a return on equity of 8.07%. The firm had revenue of $3.19 billion for the quarter.

Inpex Company Profile

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.