Inpex (OTCMKTS:IPXHY) Reaches New 1-Year High – Still a Buy?

Inpex Corp. (OTCMKTS:IPXHY)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $22.02 and last traded at $21.83, with a volume of 18127 shares. The stock had previously closed at $21.4350.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein downgraded Inpex to an “underperform” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Inpex Stock Performance

The firm has a fifty day moving average of $20.40 and a 200-day moving average of $18.22. The company has a quick ratio of 1.40, a current ratio of 1.49 and a debt-to-equity ratio of 0.16. The firm has a market cap of $26.58 billion, a P/E ratio of 9.38 and a beta of 0.39.

Inpex (OTCMKTS:IPXHY) last released its earnings results on Thursday, November 13th. The company reported $0.40 earnings per share (EPS) for the quarter. Inpex had a net margin of 21.08% and a return on equity of 8.85%. The company had revenue of $3.20 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.