InterOil Upgraded by TheStreet to Hold (IOC)

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InterOil (NYSE:IOC) was upgraded by research analysts at TheStreet to a “hold” rating in a report released on Monday.

InterOil (NYSE:IOC) opened at 59.85 on Monday. InterOil has a 52 week low of $43.85 and a 52 week high of $106.44. The stock’s 50-day moving average is $63.27 and its 200-day moving average is $61.71. The company has a market cap of $2.994 billion and a price-to-earnings ratio of 10.79.

InterOil (NYSE:IOC) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $6.38 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 11.2% on a year-over-year basis. On average, analysts predict that InterOil will post $-0.16 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.

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