Inpex Corp. (OTCMKTS:IPXHY) Sees Large Drop in Short Interest

Inpex Corp. (OTCMKTS:IPXHY) saw a significant decrease in short interest during 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 127,830 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

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

Inpex Stock Down 0.2%

Shares of OTCMKTS IPXHY opened at $24.87 on Friday. Inpex has a one year low of $12.91 and a one year high of $31.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 1.24. The firm’s 50 day simple moving average is $26.71 and its two-hundred day simple moving average is $23.01. The stock has a market capitalization of $29.50 billion, a P/E ratio of 11.79 and a beta of 0.17.

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