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The latest announcement is out from Japan Petroleum Exploration Co ( (JP:1662) ).
JAPEX has announced the acquisition of Verdad Resources Intermediate Holdings LLC (VRIH), which holds tight oil and gas assets in the U.S., for approximately $1.3 billion. This acquisition enables JAPEX to expand its U.S. energy operations as an operator, aiming to increase production levels, enhance profitability, and solidify its presence in the market through strategic asset management and ongoing development.
The most recent analyst rating on (JP:1662) stock is a Buy with a Yen1607.00 price target. To see the full list of analyst forecasts on Japan Petroleum Exploration Co stock, see the JP:1662 Stock Forecast page.
More about Japan Petroleum Exploration Co
Japan Petroleum Exploration Co., Ltd. (JAPEX) operates in the energy sector with a focus on the exploration, development, and production of oil and gas resources globally.
Average Trading Volume: 1,220,858
Technical Sentiment Signal: Buy
Current Market Cap: Yen353.7B
Learn more about 1662 stock on TipRanks’ Stock Analysis page.