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

Inpex Corp. (OTCMKTS:IPXHY) gapped down before the market opened on Wednesday . The stock had previously closed at $26.86, but opened at $25.53. Inpex shares last traded at $25.50, with a volume of 15,578 shares.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Nomura raised shares of Inpex to a “hold” rating in a research note on Friday, February 20th. Sanford C. Bernstein upgraded shares of Inpex from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Inpex Trading Down 1.4%

The company has a current ratio of 1.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $26.36 and a 200-day moving average price of $22.02. The firm has a market capitalization of $29.78 billion, a PE ratio of 11.41 and a beta of 0.27.

Inpex (OTCMKTS:IPXHY) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.55 earnings per share for the quarter. The firm had revenue of $3.19 billion for the quarter. Inpex had a return on equity of 8.00% 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.