Inpex (OTCMKTS:IPXHY) Shares Gap Down - Here's Why

Key Points

• Inpex shares gapped down Monday, opening at $27.20 after a $29.1250 close and last trading at $28.3750 on volume of 38,098 shares.
• Analysts have moved toward a more cautious view—Nomura raised Inpex to a "hold" and Sanford C. Bernstein upgraded from "strong sell" to "hold," giving the stock a consensus "Hold" rating.
• Inpex's fundamentals remain intact with a market cap of $33.74 billion, a PE of 12.93, recent quarterly EPS of $0.55 on $3.19 billion revenue, and a low debt-to-equity ratio of 0.14.

Inpex Corp. (OTCMKTS:IPXHY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $29.1250, but opened at $27.20. Inpex shares last traded at $28.3750, with a volume of 38,098 shares traded.

Analyst Upgrades and Downgrades

IPXHY has been the topic of several research reports. Nomura raised Inpex to a "hold" rating in a report on Friday, February 20th. Sanford C. Bernstein upgraded shares of Inpex from a "strong sell" rating to a "hold" rating in a research report on Monday, March 2nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".

Inpex Stock Performance

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 firm has a market capitalization of $33.74 billion, a PE ratio of 12.93 and a beta of 0.27. The stock's 50 day moving average price is $25.53 and its two-hundred day moving average price is $21.53.

Inpex (OTCMKTS:IPXHY - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.55 earnings per share (EPS) 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.

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