Inpex Corp. (OTCMKTS:IPXHY) Short Interest Update

Inpex Corp. (OTCMKTS:IPXHY) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 26,032 shares, a drop of 54.3% from the July 15th total of 56,923 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 126,049 shares, the short-interest ratio is presently 0.2 days.

Inpex Stock Performance

Shares of OTCMKTS IPXHY traded up $0.72 during midday trading on Friday, reaching $23.75. 21,612 shares of the stock were exchanged, compared to its average volume of 55,804. The company has a quick ratio of 1.17, a current ratio of 1.24 and a debt-to-equity ratio of 0.14. The firm has a market cap of $28.17 billion, a price-to-earnings ratio of 9.98 and a beta of 0.13. The firm has a 50-day simple moving average of $21.65 and a two-hundred day simple moving average of $23.96. Inpex has a twelve month low of $15.56 and a twelve month high of $31.10.

Inpex (OTCMKTS:IPXHY) last posted its earnings results on Wednesday, May 13th. The company reported $0.60 earnings per share (EPS) for the quarter. Inpex had a net margin of 19.02% and a return on equity of 7.66%. The firm had revenue of $3.20 billion during the quarter. As a group, analysts anticipate that Inpex will post 2.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Inpex to a “hold” rating in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Inpex has a consensus rating of “Hold”.

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.