Inpex (OTCMKTS:IPXHY) Shares Up 4.3% – Still a Buy?

Inpex Corp. (OTCMKTS:IPXHY)’s share price was up 4.3% on Tuesday . The company traded as high as $25.80 and last traded at $25.7850. Approximately 19,945 shares were traded during trading, a decline of 70% from the average daily volume of 65,570 shares. The stock had previously closed at $24.72.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Inpex to a “hold” rating in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Inpex Trading Down 3.2%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.17 and a current ratio of 1.24. The stock has a 50-day moving average price of $22.39 and a two-hundred day moving average price of $24.11. The stock has a market capitalization of $29.77 billion, a P/E ratio of 10.55 and a beta of 0.14.

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.