Inpex Corp. (OTCMKTS:IPXHY) Short Interest Down 54.3% in July

Inpex Corp. (OTCMKTS:IPXHY) was the target of 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. Based on an average daily volume of 126,049 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Inpex to a “hold” rating in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Inpex Stock Up 3.1%

Inpex stock traded up $0.72 during mid-day trading on Friday, hitting $23.75. The company’s stock had a trading volume of 21,612 shares, compared to its average volume of 55,804. Inpex has a 52-week low of $15.56 and a 52-week high of $31.10. The company has a market cap of $28.17 billion, a PE ratio of 11.26 and a beta of 0.13. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.24 and a quick ratio of 1.17. The firm’s 50 day moving average is $21.65 and its 200 day moving average is $23.96.

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

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.