Shares of InterOil Corp. (NYSE:IOC) were down 1.3% during 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 analysts have commented on IOC shares. Zacks Investment Research upgraded InterOil Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, March 15th. Raymond James Financial Inc. downgraded InterOil Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 16th. Finally, Citigroup Inc. downgraded InterOil Corp. from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. InterOil Corp. has an average rating of “Buy” and a consensus target price of $44.43.

The company’s market capitalization is $2.40 billion. The firm has a 50-day moving average price of $43.62 and a 200-day moving average price of $33.30.

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

A hedge fund recently bought a new stake in InterOil Corp. stock. Henderson Group PLC purchased a new position in InterOil Corp. (NYSE:IOC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 137,332 shares of the company’s stock, valued at approximately $4,315,000. Henderson Group PLC owned 0.28% 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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