InterOil Sees Unusually Large Options Volume (IOC)
Shares of InterOil (NYSE:IOC) saw some unusual options trading on Thursday. Stock investors bought 14,192 call options on the company, AnalystRatings.Net reports. This is an increase of 252% compared to the typical volume of 4,030 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) opened at 72.62 on Friday. InterOil has a 52 week low of $50.90 and a 52 week high of $106.44. The stock’s 50-day moving average is $72.26 and its 200-day moving average is $76.16. The company has a market cap of $3.545 billion and a price-to-earnings ratio of 250.41.
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. Analysts expect that InterOil will post $-0.34 EPS 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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