Inpex (OTCMKTS:IPXHY) Shares Gap Up – Still a Buy?

Shares of Inpex Corp. (OTCMKTS:IPXHY) gapped up before the market opened on Friday . The stock had previously closed at $29.29, but opened at $30.48. Inpex shares last traded at $30.31, with a volume of 29,729 shares.

Analyst Upgrades and Downgrades

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

Inpex Trading Up 3.5%

The business’s 50 day moving average price is $24.60 and its 200-day moving average price is $21.10. The company has a market cap of $35.95 billion, a price-to-earnings ratio of 13.78 and a beta of 0.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.32.

Inpex (OTCMKTS:IPXHY) last issued its earnings results on Thursday, February 12th. The company reported $0.55 earnings per share for the quarter. The business had revenue of $3.19 billion for the quarter. Inpex had a net margin of 19.53% and a return on equity of 8.00%.

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.