Short Interest in Inpex Corp. (OTCMKTS:IPXHY) Increases By 99.6%
by Scott Moore · The Cerbat GemInpex Corp. (OTCMKTS:IPXHY – Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 49,961 shares, a growth of 99.6% from the March 31st total of 25,026 shares. Based on an average trading volume of 122,533 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.
Inpex Stock Down 2.2%
Shares of IPXHY stock traded down $0.55 on Monday, hitting $24.75. The stock had a trading volume of 8,267 shares, compared to its average volume of 54,430. 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 business has a 50 day moving average of $26.41 and a 200 day moving average of $22.36. Inpex has a 12-month low of $12.14 and a 12-month high of $31.10. The stock has a market cap of $29.35 billion, a price-to-earnings ratio of 11.25 and a beta of 0.27.
Inpex (OTCMKTS:IPXHY – Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.55 earnings per share for the quarter. The business had revenue of $3.19 billion for the quarter. Inpex had a net margin of 19.53% and a return on equity of 8.00%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Sanford C. Bernstein upgraded Inpex from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Nomura raised 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 company presently has an average rating of “Hold”.
Read Our Latest Report on IPXHY
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.