Inpex Corp. (OTCMKTS:IPXHY) Short Interest Update

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on IPXHY shares. Nomura upgraded Inpex to a “hold” rating in a research report on Friday, February 20th. Sanford C. Bernstein raised Inpex from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Inpex presently has a consensus rating of “Hold”.

Inpex Trading Up 3.2%

IPXHY stock traded up $0.94 during mid-day trading on Friday, reaching $30.23. 43,524 shares of the stock traded hands, compared to its average volume of 52,437. Inpex has a one year low of $11.27 and a one year high of $31.10. The stock has a market capitalization of $35.85 billion, a PE ratio of 13.74 and a beta of 0.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.32. The business has a 50-day moving average price of $24.40 and a two-hundred day moving average price of $20.99.

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

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.