Inpex (OTCMKTS:IPXHY) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Inpex (OTCMKTS:IPXHY) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

Separately, Nomura raised shares of Inpex to a “hold” rating in a research report on Friday, February 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Inpex Stock Down 3.4%

IPXHY stock opened at $24.97 on Monday. The business’s 50-day simple moving average is $21.99 and its 200 day simple moving average is $19.80. The company has a quick ratio of 1.40, a current ratio of 1.49 and a debt-to-equity ratio of 0.16. Inpex has a twelve month low of $11.27 and a twelve month high of $27.47. The company has a market cap of $29.61 billion, a PE ratio of 11.35 and a beta of 0.36.

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