Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Japan Petroleum Exploration Co ( (JP:1662) ) has provided an announcement.
Japan Petroleum Exploration Co., Ltd. (JAPEX) has decided to transfer all shares of its subsidiary, Japex Energy Co., Ltd. (JPE), to Astomos Energy Corporation. This strategic move is part of JAPEX’s efforts to enhance profitability and streamline its business portfolio in alignment with its 2022-2030 management plan, which focuses on building a sustainable and carbon-neutral business foundation.
The most recent analyst rating on (JP:1662) stock is a Hold with a Yen1520.00 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, focusing on the exploration, production, and sale of petroleum products, including LNG and fuel oil. The company aims to strengthen its profitability and contribute to a carbon-neutral society as part of its long-term management plan.
Average Trading Volume: 920,175
Technical Sentiment Signal: Hold
Current Market Cap: Yen253B
For detailed information about 1662 stock, go to TipRanks’ Stock Analysis page.