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Stock analysts at Bernstein initiated coverage on shares of InterOil (NYSE:IOC) in a report issued on Thursday. The firm set an “outperform” rating and a $90.00 price target on the stock. Bernstein’s price target would indicate a potential upside of 59.97% from the company’s current price.

A number of other analysts have also recently weighed in on IOC. 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $83.43.

Shares of InterOil (NYSE:IOC) traded up 2.22% during mid-day trading on Thursday, hitting $57.51. 100,148 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 has a 50-day moving average of $58.17 and a 200-day moving average of $60.18. The company has a market cap of $2.877 billion and a P/E ratio of 10.05.

InterOil (NYSE:IOC) last released its earnings data on Wednesday, August 13th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that InterOil will post $-1.24 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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