Inpex (OTCMKTS:IPXHY) Shares Gap Down – Here’s What Happened

Inpex Corp. (OTCMKTS:IPXHY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $29.1250, but opened at $27.20. Inpex shares last traded at $28.3750, with a volume of 38,098 shares.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Nomura raised shares of Inpex to a “hold” rating in a research note on Friday, February 20th. Sanford C. Bernstein raised Inpex from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Inpex Stock Down 2.3%

The firm has a fifty day simple moving average of $25.53 and a 200 day simple moving average of $21.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.32. The company has a market cap of $33.74 billion, a PE ratio of 12.93 and a beta of 0.27.

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