Inpex (OTCMKTS:IPXHY) Sees Large Volume Increase – Here’s What Happened

Inpex Corp. (OTCMKTS:IPXHY) shares saw unusually-strong trading volume on Friday . Approximately 41,522 shares changed hands during trading, a decline of 9% from the previous session’s volume of 45,422 shares.The stock last traded at $23.56 and had previously closed at $24.00.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein cut Inpex to an “underperform” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Inpex Price Performance

The company has a market cap of $27.95 billion, a PE ratio of 10.71 and a beta of 0.40. The stock has a fifty day moving average price of $21.24 and a 200-day moving average price of $19.19. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.40.

Inpex (OTCMKTS:IPXHY) last issued its quarterly 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 return on equity of 8.07% 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.