Inpex (OTCMKTS:IPXHY) Hits New 1-Year High – Here’s What Happened

Inpex Corp. (OTCMKTS:IPXHY)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $30.52 and last traded at $29.4960, with a volume of 13559 shares changing hands. The stock had previously closed at $28.02.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IPXHY. Sanford C. Bernstein raised Inpex from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Nomura upgraded shares of Inpex to a “hold” rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Inpex currently has a consensus rating of “Hold”.

Inpex Trading Up 5.9%

The company has a current ratio of 1.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $35.18 billion, a PE ratio of 13.48 and a beta of 0.36. The stock has a 50 day moving average price of $24.22 and a 200-day moving average price of $20.93.

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

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.