Inpex (OTCMKTS:IPXHY) Shares Pass Below 50-Day Moving Average – Should You Sell?

Inpex Corp. (OTCMKTS:IPXHYGet Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $24.59 and traded as low as $21.63. Inpex shares last traded at $21.69, with a volume of 127,749 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Nomura raised Inpex to a “hold” rating in a report on Friday, February 20th. Zacks Research raised Inpex to a “hold” rating in a report on Thursday, June 4th. Finally, Sanford C. Bernstein raised Inpex from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Check Out Our Latest Stock Report on IPXHY

Inpex Price Performance

The company has a market capitalization of $25.72 billion, a P/E ratio of 10.28 and a beta of 0.12. The company has a fifty day moving average price of $24.59 and a 200 day moving average price of $23.59. 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:IPXHYGet Free Report) last posted its earnings results on Wednesday, May 13th. The company reported $0.60 EPS for the quarter. The company had revenue of $3.20 billion during the quarter. Inpex had a return on equity of 7.55% and a net margin of 19.02%. On average, sell-side analysts forecast that Inpex Corp. will post 2.45 EPS for the current fiscal year.

Inpex Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Inpex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inpex and related companies with MarketBeat.com's FREE daily email newsletter.