InterOil (IOC) Posts Quarterly Results
InterOil (NYSE:IOC) announced its earnings results on Wednesday. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.82, Analyst Ratings News reports. The company had revenue of $13.69 million for the quarter, compared to the consensus estimate of $315.55 million.
A number of analysts have recently weighed in on IOC shares. Analysts at Zacks downgraded shares of InterOil from a “neutral” rating to an “underperform” rating in a research note on Friday, July 25th. They now have a $55.30 price target on the stock. Analysts at TheStreet upgraded shares of InterOil to a “hold” rating in a research note on Monday, May 19th.
Shares of InterOil (NYSE:IOC) opened at 57.93 on Wednesday. InterOil has a 52 week low of $43.85 and a 52 week high of $93.40. The stock’s 50-day moving average is $58.35 and its 200-day moving average is $60.20. The company has a market cap of $2.898 billion and a P/E ratio of 10.55.
InterOil Corporation (NYSE:IOC) is an integrated energy company operating in Papua New Guinea and its surrounding Southwest Pacific region.
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