Inpex upgraded from "strong sell" to "hold" as stock hits 52-week high on strong earnings and solid financials.

Inpex (OTCMKTS:IPXHY) was upgraded from "strong sell" to "hold" by Sanford C. Bernstein, reflecting improved sentiment amid a stock surge to a 52-week high of $27.47 on March 4, 2026. The company reported quarterly earnings of $0.55 per share on $3.19 billion in revenue, with a 19.53% net margin and 8.07% return on equity. Known for major LNG projects like Ichthys in Australia, Inpex has a $30.66 billion market cap, a low beta of 0.36, and strong financial health with a debt-to-equity ratio of 0.16 and solid liquidity. The stock closed at $26.88, above its 50-day and 200-day moving averages, and holds a consensus "hold" rating.