Inpex (OTCMKTS:IPXHY) Shares Gap Up - Time to Buy?

Key Points

• Price action: Shares gapped up, opening at $30.48 from a $29.29 close and last trading at $30.31 on about 29,729 shares, and are trading well above the 50‑day ($24.40) and 200‑day ($20.99) moving averages.
• Analyst consensus: Recent reports from Nomura and Sanford C. Bernstein moved ratings to "Hold," leaving a MarketBeat consensus rating of Hold.
• Fundamentals: INPEX has a $36.02B market cap, P/E of 13.8, low debt/equity (0.14), and reported quarterly EPS of $0.55 with a net margin of 19.53% and ROE of 8%, indicating profitable operations with conservative leverage.

Inpex Corp. (OTCMKTS:IPXHY - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $29.29, but opened at $30.48. Inpex shares last traded at $30.31, with a volume of 29,729 shares traded.

Wall Street Analyst Weigh In

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

Inpex Stock Performance

The stock has a market cap of $36.02 billion, a P/E ratio of 13.80 and a beta of 0.36. 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 stock's 50 day simple moving average is $24.40 and its two-hundred day simple moving average is $20.99.

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

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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