Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Releases Earnings Results

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) posted its quarterly earnings results on Wednesday. The company reported $1.11 earnings per share for the quarter, Zacks reports.

Idemitsu Kosan Co.,Ltd. Price Performance

IDKOY traded up $0.92 during mid-day trading on Wednesday, reaching $17.29. 9,711 shares of the company traded hands, compared to its average volume of 3,189. The company’s fifty day moving average price is $19.66 and its 200-day moving average price is $17.98. Idemitsu Kosan Co.,Ltd. has a 52-week low of $13.70 and a 52-week high of $22.79.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Idemitsu Kosan Co.,Ltd. from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

About Idemitsu Kosan Co.,Ltd.

Idemitsu Kosan Co., Ltd. is a Japanese energy and materials company whose roots trace to a petroleum sales business founded by Sazo Idemitsu in 1911. The company is headquartered in Tokyo and has grown into a broad-based supplier of energy and industrial products. Its businesses include refining and marketing petroleum products such as gasoline, kerosene, diesel, and lubricants; producing petrochemicals and other materials; and developing and supplying energy resources, including oil, natural gas, and coal.