Inpex (OTCMKTS:IPXHY) Shares Gap Up - Should You Buy?

Key Points

• Shares gapped up: IPXHY opened at $27.01 after closing at $26.11 and last traded at $26.7450 on a volume of 6,457 shares.
• Analyst stance — Hold: Nomura and Sanford C. Bernstein recently moved their ratings to "hold," and MarketBeat shows a consensus rating of Hold.
• Key fundamentals: 50‑day/200‑day moving averages are $26.08/$21.86, market cap about $31.95B, P/E 12.25; most recent quarter reported $0.55 EPS on $3.19B revenue with a 19.53% net margin.

Inpex Corp. (OTCMKTS:IPXHY - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $26.11, but opened at $27.01. Inpex shares last traded at $26.7450, with a volume of 6,457 shares traded.

Wall Street Analysts Forecast Growth

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

Inpex Stock Performance

The firm has a 50 day moving average of $26.08 and a two-hundred day moving average of $21.86. The stock has a market cap of $31.95 billion, a PE ratio of 12.25 and a beta of 0.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 1.24.

Inpex (OTCMKTS:IPXHY - Get Free Report) last posted its 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 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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