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The latest update is out from Japan Petroleum Exploration Co ( (JP:1662) ).
JAPEX has announced its acquisition of all interests in Verdad Resources Intermediate Holdings LLC (VRIH), which holds tight oil and gas assets in the U.S., through its subsidiary Peoria Resources and its subsidiary Peoria Resources Acquisition Company, LLC. This acquisition supports JAPEX’s strategic goal of diversifying and strengthening its energy exploration portfolio, particularly in the U.S. market, yet the company has confirmed no immediate impact on its consolidated financial performance.
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 industry, focusing on the exploration, development, and production of oil and natural gas resources. The company is active in both domestic and international markets, with a strategic emphasis on expanding its capabilities in the United States.
Average Trading Volume: 1,220,858
Technical Sentiment Signal: Buy
Current Market Cap: Yen353.7B
See more data about 1662 stock on TipRanks’ Stock Analysis page.