InterOil Receives Positive Rating from Bernstein (IOC)
A number of other analysts have also recently weighed in on IOC. Analysts at Sanford C. Bernstein initiated coverage on shares of InterOil in a research note on Thursday, August 14th. They set an “outperform” rating on the stock. 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $80.15.
Shares of InterOil (NYSE:IOC) traded up 2.51% on Friday, hitting $59.59. The stock had a trading volume of 157,112 shares. InterOil has a 52-week low of $43.85 and a 52-week high of $93.40. The stock has a 50-day moving average of $58.23 and a 200-day moving average of $61.14. The company has a market cap of $2.949 billion and a price-to-earnings ratio of 8.44.
InterOil (NYSE:IOC) last announced its earnings results 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. Analysts expect that InterOil will post $-1.73 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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