Short Interest in Inpex Corp. (OTCMKTS:IPXHY) Decreases By 57.8%

Inpex Corp. (OTCMKTS:IPXHY) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 21,082 shares, a decrease of 57.8% from the April 15th total of 49,961 shares. Based on an average daily trading volume, of 127,830 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

IPXHY has been the subject of several recent research reports. Sanford C. Bernstein upgraded shares of Inpex from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Nomura upgraded shares of Inpex to a “hold” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Inpex Stock Performance

Shares of IPXHY traded down $0.04 during mid-day trading on Friday, hitting $24.87. 43,220 shares of the company’s stock were exchanged, compared to its average volume of 60,975. Inpex has a fifty-two week low of $12.91 and a fifty-two week high of $31.10. The firm has a market capitalization of $29.50 billion, a P/E ratio of 11.79 and a beta of 0.17. The business’s 50 day moving average is $26.71 and its two-hundred day moving average is $23.01. The company has a current ratio of 1.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.14.

Inpex (OTCMKTS:IPXHY) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $3.20 billion during the quarter. Inpex had a net margin of 19.02% and a return on equity of 7.55%.

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.