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InterOil (NYSE:IOC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Friday. They currently have a $55.30 price target on the stock. Zacks‘s target price would suggest a potential downside of 2.14% from the company’s current price.

Separately, analysts at TheStreet upgraded shares of InterOil to a “hold” rating in a research note on Monday, May 19th.

Shares of InterOil (NYSE:IOC) traded down 1.34% during mid-day trading on Friday, hitting $56.51. 195,475 shares of the company’s stock traded hands. InterOil has a one year low of $43.85 and a one year high of $93.40. The stock’s 50-day moving average is $61.44 and its 200-day moving average is $59.59. The company has a market cap of $2.827 billion and a price-to-earnings ratio of 10.23.

InterOil (NYSE:IOC) last announced its earnings results on Wednesday, May 14th. The company reported $6.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $6.40. The company had revenue of $311.08 million for the quarter, compared to the consensus estimate of $313.20 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was down 11.2% on a year-over-year basis. On average, analysts predict that InterOil will post $-1.14 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.

To view Zacks’ full report, visit Zacks’ official website.

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