Inpex (OTCMKTS:IPXHY) Shares Gap Down – Should You Sell?

Shares of Inpex Corp. (OTCMKTS:IPXHY) gapped down prior to trading on Monday . The stock had previously closed at $29.1250, but opened at $27.20. Inpex shares last traded at $28.3750, with a volume of 38,098 shares trading hands.

Analyst Upgrades and Downgrades

IPXHY has been the subject of a number of research reports. 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 note on Monday, March 2nd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Inpex Stock Performance

The company has a quick ratio of 1.24, a current ratio of 1.32 and a debt-to-equity ratio of 0.14. The stock has a 50 day simple moving average of $25.82 and a 200 day simple moving average of $21.68. The company has a market capitalization of $33.45 billion, a price-to-earnings ratio of 12.82 and a beta of 0.27.

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

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.