InterOil Target of Unusually High Options Trading (IOC)
Shares of InterOil (NYSE:IOC) saw some unusual options trading on Monday. Traders bought 25,240 put options on the stock, AR Network reports. This represents an increase of approximately 407% compared to the typical volume of 4,979 put options.
Separately, analysts at Zacks downgraded shares of InterOil 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 64.56 on Tuesday. 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 $70.74 and its 200-day moving average is $75.7. The company has a market cap of $3.151 billion and a P/E ratio of 222.62.
InterOil (NYSE:IOC) last issued its quarterly 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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