InterOil Corp. (NYSE:IOC) was down 1.3% during mid-day trading on Monday . The company traded as low as $47.32 and last traded at $47.35, with a volume of 132,341 shares. The stock had previously closed at $47.97.

A number of equities research analysts have issued reports on IOC shares. Zacks Investment Research upgraded shares of InterOil Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, March 15th. Raymond James Financial Inc. lowered shares of InterOil Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, June 16th. Finally, Citigroup Inc. lowered shares of InterOil Corp. from a “buy” rating to a “neutral” rating in a report on Tuesday, May 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $44.43.

The stock has a 50 day moving average price of $43.35 and a 200-day moving average price of $33.05. The firm’s market cap is $2.35 billion.

InterOil Corp. (NYSE:IOC) last announced its earnings results on Friday, May 13th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by $0.03. The business had revenue of $921 million for the quarter, compared to the consensus estimate of $1.10 billion. The firm’s revenue was down 92.1% on a year-over-year basis. Equities research analysts predict that InterOil Corp. will post ($1.12) earnings per share for the current year.

A hedge fund recently bought a new stake in InterOil Corp. stock. Oxford Asset Management purchased a new position in InterOil Corp. (NYSE:IOC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 83,013 shares of the company’s stock, valued at approximately $2,606,000. Oxford Asset Management owned about 0.17% of InterOil Corp. at the end of the most recent quarter.

InterOil Corporation (InterOil) is an oil and gas exploration and production company. Papua New Guinea explores for oil and gas across over 4 million acres in the south of the country. The area is divided into four Petroleum Prospecting Licenses (PPLs) and two Petroleum Retention Licenses (PRLs). A feature of InterOil’s work in Papua New Guinea is PRL 15 that contains the Elk-Antelope field.

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