|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||6.73 - 7.14|
|52-week range||4.32 - 10.95|
|Beta (5Y monthly)||1.65|
|PE ratio (TTM)||25.25|
|Forward dividend & yield||0.33 (4.73%)|
|Ex-dividend date||27 Dec 2019|
|1y target est||N/A|
Inpex Corp, Japan's top oil and gas company, on Tuesday cut its annual net profit forecast by 93% after first-quarter earnings slumped due to an oil price collapse and as the coronavirus pandemic choked off international energy demand. The group also warned it is re-evaluating all of its assets and may book impairment losses on some depending on the oil price outlook and a review of project plans. It will make an announcement on that once it has determined any financial impact, it said.
Oversupply in the global liquefied natural gas (LNG) market could continue until the middle of the year but then ease as demand from southeast Asia and India picks up, an executive from Japanese oil and gas firm Inpex Corp. told Reuters. "But economic growth in Asia Pacific particularly - China and India and southeast Asian countries - their economic growth is still going, so that means they will generate new energy requirements," he added. There are also concerns about the impact of the coronavirus on China's industrial demand, which accounts for 60%-70% of total LNG consumption in China.
Inpex Corp, Japan's top oil and gas company, wants to expand in Australia at its Ichthys liquefied natural gas (LNG) plant and through potential acquisitions, as part of a plan to become a major regional gas company, its Australian boss said. "In Australia our focus is on fully utilising our Ichthys LNG facilities while creating a solid base for future expansion," Inpex's president director for Australia, Hitoshi Okawa, told Reuters in an interview on Friday.
Royal Dutch Shell on Monday shipped the long-awaited first cargo of liquefied natural gas from its massive Prelude floating LNG plant off northwest Australia, sealing the nation's position as the world's top exporter of the fuel. The start-up comes just as spot LNG prices have sunk to their lowest in over three years, with new projects in Australia and the United States boosting global supply while demand in Asia was dented by a mild winter. Prelude is the last of eight LNG plants built on Australia's eastern and northwestern coasts in a $200 billion LNG construction boom over the past decade.