Inpex Corporation, listed on the OTC market under the symbol IPXHY, announced its quarterly earnings results on October 26, 2023. The company reported earnings of $0.40 per share for the quarter, according to Zacks Investment Research. This performance highlights a solid return on equity of 9.08% and a net margin of 20.57%.
Investors reacted positively to the announcement, with Inpex’s stock rising by 4.9%. During trading hours on Thursday, shares traded up by $0.94, reaching a price of $20.29. In total, 16,925 shares changed hands, in contrast to the company’s average trading volume of 85,582 shares.
Financial Metrics Illustrate Stability
Inpex has demonstrated financial stability with a debt-to-equity ratio of 0.16, indicating low leverage. Additionally, the company reported a current ratio of 1.52 and a quick ratio of 1.43, reflecting its ability to meet short-term obligations. The company’s market capitalization stands at $25.32 billion, and it maintains a price-to-earnings ratio of 8.42.
Over the past year, Inpex’s stock has fluctuated significantly, with a fifty-two week low of $11.27 and a high of $20.58. The firm’s fifty-day simple moving average is currently $18.09, while the two-hundred-day simple moving average is $15.59.
As Inpex continues to navigate the market, analysts and investors will be watching closely to see how these financial results translate into future performance and shareholder value.
