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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Inpex Corporation    1605   JP3294460005

INPEX CORPORATION

(1605)
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Mitsui buys Australian heavy sweet crude Van Gogh at large premium for IMO fuel - sources

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01/22/2020 | 04:10am EST
Man walks past the logo of Japanese trading company Mitsui & Co. in Tokyo

Japanese trader Mitsui & Co has bought a cargo of Australian Van Gogh heavy sweet crude at a large premium to meet shippers' demand for low-sulphur fuel, trade sources said on Wednesday.

It bought the 300,000-barrel cargo for March loading at a premium of $27-$28 a barrel to dated Brent from Japanese explorer Inpex Corp, the sources said.

The deal could not be independently verified as the companies do not comment on deals.

Japanese traders Mitsui and PetroSummit have paid record premiums to secure Australian heavy sweet crude supplies in recent months.

The trading companies blend the crude with other fuel to produce Very Low Sulphur Fuel Oil (VLSFO), a new ship fuel containing 0.5% sulphur which meets emission rules set by the International Maritime Organization which took effect this month.

(Reporting by Florence Tan)

Stocks mentioned in the article
ChangeLast1st jan.
INPEX CORPORATION -2.91% 990.3 End-of-day quote.-0.60%
LONDON BRENT OIL -1.09% 50.84 Delayed Quote.-16.85%
MITSUI & CO., LTD. 0.27% 1874 End-of-day quote.1.13%
MITSUI FUDOSAN CO., LTD. -2.41% 2753.5 End-of-day quote.-1.02%
WTI -2.40% 45.662 Delayed Quote.-16.16%
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Financials (JPY)
Sales 2020 1 193 B
EBIT 2020 517 B
Net income 2020 141 B
Debt 2020 4 144 B
Yield 2020 3,76%
P/E ratio 2020 9,90x
P/E ratio 2021 8,87x
EV / Sales2020 4,65x
EV / Sales2021 1,38x
Capitalization 1 400 B
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Technical analysis trends INPEX CORPORATION
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 10
Average target price 1 455,40  JPY
Last Close Price 958,50  JPY
Spread / Highest target 93,0%
Spread / Average Target 51,8%
Spread / Lowest Target 27,3%
EPS Revisions
Managers
NameTitle
Takayuki Ueda President, CEO & Representative Director
Toshiaki Kitamura Chairman
Masahiro Murayama Director, General Manager-Finance & Accounting
Takahiko Ikeda Director, GM-Technology & Head-Compliance
Shunichiro Sugaya Director & Managing Executive Officer
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