Inpex Corp. (OTCMKTS:IPXHY) Short Interest Down 39.9% in February

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

Wall Street Analyst Weigh In

IPXHY has been the topic of several analyst reports. Sanford C. Bernstein lowered Inpex to an “underperform” rating in a research note on Tuesday, January 6th. Nomura raised shares of Inpex to a “hold” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Inpex Trading Up 3.0%

Shares of Inpex stock opened at $24.47 on Monday. The firm’s 50 day simple moving average is $21.68 and its two-hundred day simple moving average is $19.62. The firm has a market capitalization of $29.02 billion, a price-to-earnings ratio of 11.12 and a beta of 0.35. Inpex has a 12-month low of $11.27 and a 12-month high of $25.43. The company has a current ratio of 1.49, a quick ratio of 1.40 and a debt-to-equity ratio of 0.16.

Inpex (OTCMKTS:IPXHY) last announced its quarterly earnings data 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 8.07%. The firm had revenue of $3.19 billion for the quarter.

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.