Inpex Corp. (OTCMKTS:IPXHY) Short Interest Update

Inpex Corp. (OTCMKTS:IPXHY) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 21,940 shares, an increase of 195.4% from the February 26th total of 7,426 shares. Based on an average trading volume of 116,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Nomura raised shares of Inpex to a “hold” rating in a research note on Friday, February 20th. Sanford C. Bernstein upgraded shares of Inpex from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Inpex Price Performance

IPXHY traded up $1.42 on Thursday, hitting $29.44. 32,078 shares of the company’s stock were exchanged, compared to its average volume of 52,086. Inpex has a fifty-two week low of $11.27 and a fifty-two week high of $30.52. The company has a current ratio of 1.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $24.22 and a 200-day moving average price of $20.93. The stock has a market cap of $34.92 billion, a price-to-earnings ratio of 13.38 and a beta of 0.36.

Inpex (OTCMKTS:IPXHY) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.55 earnings per share for the quarter. Inpex had a net margin of 19.53% and a return on equity of 8.00%. The firm had revenue of $3.19 billion for the quarter.

Inpex Company Profile

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.