InterOil Coverage Initiated by Analysts at Sanford C. Bernstein (IOC)
Research analysts at Sanford C. Bernstein started coverage on shares of InterOil (NYSE:IOC) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
InterOil (NYSE:IOC) opened at 56.26 on Thursday. 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 $58.17 and its 200-day moving average is $60.18. The company has a market cap of $2.815 billion and a P/E ratio of 10.35.
InterOil (NYSE:IOC) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.82. The company had revenue of $13.69 million for the quarter, compared to the consensus estimate of $315.55 million. On average, analysts predict that InterOil will post $-1.24 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bernstein initiated coverage on shares of InterOil in a research note on Thursday. They set an “outperform” rating on the stock. Separately, 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. Finally, analysts at TheStreet upgraded shares of InterOil to a “hold” rating in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $80.15.
InterOil Corporation (NYSE:IOC) is an integrated energy company operating in Papua New Guinea and its surrounding Southwest Pacific region.
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