InterOil Sees Unusually High Options Volume (IOC)
Shares of InterOil (NYSE:IOC) saw unusually large options trading on Tuesday. Stock traders acquired 10,639 call options on the stock, StockRatingsNetwork.com reports. This represents an increase of 186% compared to the average volume of 3,723 call options.
Separately, analysts at Zacks downgraded shares of InterOil (NYSE:IOC) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, July 29th. They now have a $89.00 price target on the stock.
InterOil (NYSE:IOC) traded up 2.48% on Tuesday, hitting $70.80. 396,527 shares of the company’s stock traded hands. InterOil has a 52-week low of $50.90 and a 52-week high of $106.44. The stock has a 50-day moving average of $73.65 and a 200-day moving average of $76.29. The company has a market cap of $3.456 billion and a P/E ratio of 238.24.
InterOil (NYSE:IOC) last released its earnings data on Monday, August 12th. The company reported ($0.27) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.07) by $0.20. The company had revenue of $345.70 million for the quarter, compared to the consensus estimate of $261.35 million. During the same quarter in the prior year, the company posted ($0.66) earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts predict that InterOil will post $-0.34 earnings per share for the current fiscal year.
InterOil Corporation (NYSE:IOC) is an integrated energy company operating in Papua New Guinea and its surrounding Southwest Pacific region.
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