Inpex Corp. (OTCMKTS:IPXHY) Short Interest Update

Inpex Corp. (OTCMKTS:IPXHY) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 46,278 shares, a drop of 39.9% from the January 29th total of 76,956 shares. Based on an average daily volume of 88,956 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 88,956 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Sanford C. Bernstein cut Inpex to an “underperform” rating in a report on Tuesday, January 6th. Nomura raised Inpex to a “hold” rating in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Inpex Stock Up 3.0%

IPXHY stock opened at $24.47 on Friday. Inpex has a one year low of $11.27 and a one year high of $25.43. The firm has a market cap of $29.02 billion, a PE ratio of 11.12 and a beta of 0.40. The firm’s 50 day moving average price is $21.68 and its 200-day moving average price is $19.57. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.40 and a current ratio of 1.49.

Inpex (OTCMKTS:IPXHY) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.55 earnings per share for the quarter. The company had revenue of $3.19 billion during the quarter. Inpex had a return on equity of 8.07% and a net margin of 19.53%.

About Inpex

INPEX is a Japan-based energy company primarily engaged in the exploration, development, production and sale of oil and natural gas resources. The company’s activities span upstream exploration and field development, midstream project execution — notably liquefied natural gas (LNG) facilities — and related resource management and commercial operations. INPEX’s portfolio includes conventional and unconventional hydrocarbon assets and associated engineering and project-management expertise to bring complex developments into production.

INPEX is known for participation and leadership in large-scale LNG projects, including the Ichthys LNG development off northern Australia, which represents a core midstream and export capability in the company’s business mix.