Inpex (OTCMKTS:IPXHY) Stock Crosses Above 50-Day Moving Average – What’s Next?

Inpex Corp. (OTCMKTS:IPXHY)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $21.68 and traded as high as $24.98. Inpex shares last traded at $24.4660, with a volume of 44,881 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IPXHY shares. Nomura upgraded Inpex to a “hold” rating in a research report on Friday, February 20th. Sanford C. Bernstein cut Inpex to an “underperform” rating in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Inpex Stock Up 3.0%

The stock has a market capitalization of $29.02 billion, a price-to-earnings ratio of 11.12 and a beta of 0.40. The company has a quick ratio of 1.40, a current ratio of 1.49 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $21.68 and a two-hundred day moving average of $19.59.

Inpex (OTCMKTS:IPXHY) last released 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 8.07% 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.