Inpex Corp. (OTCMKTS:IPXHY – Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 59,799 shares, an increase of 129.7% from the July 30th total of 26,032 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 75,244 shares, the days-to-cover ratio is presently 0.8 days.
Inpex Trading Down 0.5%
OTCMKTS IPXHY traded down $0.11 during mid-day trading on Friday, reaching $24.28. 11,931 shares of the stock were exchanged, compared to its average volume of 65,710. The stock has a market cap of $28.79 billion, a P/E ratio of 10.20 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 stock has a 50 day simple moving average of $22.09 and a 200-day simple moving average of $24.10. Inpex has a one year low of $16.89 and a one year high of $31.10.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of Inpex to a “hold” rating in a report on Thursday, June 4th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company 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.
Featured Articles
- Five stocks we like better than Inpex
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for Inpex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inpex and related companies with MarketBeat.com's FREE daily email newsletter.
