Inpex (OTCMKTS:IPXHY) Shares Gap Down - What's Next?

Key Points

• Inpex shares gapped down — the stock opened at $27.445 from a prior close of $29.09, a roughly 6.8% decline on light trading.
• Analyst sentiment has improved: Sanford C. Bernstein and Nomura recently upgraded INPEX to a "Hold", leaving a MarketBeat consensus rating of Hold.
• Fundamentals show a sizable energy company with a $32.14 billion market cap, a PE of 12.32 and low debt-to-equity (0.14); it reported $0.55 EPS on $3.19 billion revenue and is known for major LNG projects like Ichthys.

Inpex Corp. (OTCMKTS:IPXHY - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $29.09, but opened at $27.4450. Inpex shares last traded at $27.4450, with a volume of 242 shares trading hands.

Wall Street Analysts Forecast Growth

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

Inpex Stock Down 6.8%

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 business's fifty day moving average price is $23.75 and its two-hundred day moving average price is $20.73. The stock has a market capitalization of $32.14 billion, a PE ratio of 12.32 and a beta of 0.35.

Inpex (OTCMKTS:IPXHY - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter. The company had revenue of $3.19 billion during the quarter. Inpex had a return on equity of 8.00% and a net margin of 19.53%.

Inpex Company Profile

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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