Inpex (OTCMKTS:IPXHY) Releases Earnings Results

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

Inpex Price Performance

Shares of OTCMKTS:IPXHY traded up $0.28 during trading on Friday, hitting $25.19. 27,441 shares of the company’s stock were exchanged, compared to its average volume of 55,575. Inpex has a 52-week low of $12.91 and a 52-week high of $31.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 1.24. The company has a market cap of $29.88 billion, a price-to-earnings ratio of 11.94 and a beta of 0.17. The business’s 50-day simple moving average is $26.71 and its 200 day simple moving average is $22.99.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein upgraded Inpex from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Nomura upgraded shares of Inpex to a “hold” rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

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.