Inpex (OTCMKTS:IPXHY) Shares Gap Down – Here’s What Happened

Inpex Corp. (OTCMKTS:IPXHY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $24.35, but opened at $22.9950. Inpex shares last traded at $23.01, with a volume of 3,782 shares changing hands.

Analyst Upgrades and Downgrades

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

Inpex Price Performance

The company has a market cap of $27.40 billion, a price-to-earnings ratio of 10.95 and a beta of 0.17. The company has a fifty day moving average price of $26.51 and a two-hundred day moving average price of $23.29. The company has a current ratio of 1.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.14.

Inpex (OTCMKTS:IPXHY) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.60 EPS for the quarter. The business had revenue of $3.20 billion for the quarter. Inpex had a return on equity of 7.55% and a net margin of 19.02%.

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.