Inpex (OTCMKTS:IPXHY) Shares Gap Up – What’s Next?

Shares of Inpex Corp. (OTCMKTS:IPXHY) gapped up before the market opened on Wednesday . The stock had previously closed at $24.59, but opened at $26.97. Inpex shares last traded at $26.18, with a volume of 20,942 shares.

Analysts Set New Price Targets

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 research note on Monday, March 2nd. Nomura upgraded shares of Inpex to a “hold” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Inpex Stock Performance

The firm has a market capitalization of $31.64 billion, a price-to-earnings ratio of 12.13 and a beta of 0.36. The firm’s 50 day simple moving average is $22.43 and its 200 day simple moving average is $20.10. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.40 and a current ratio of 1.49.

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