InterOil Corp. (NYSE:IOC) saw unusually-strong trading volume on Thursday . Approximately 864,109 shares traded hands during mid-day trading, an increase of 27% from the previous session’s volume of 682,173 shares.The stock last traded at $48.78 and had previously closed at $48.95.

A number of analysts have recently commented on IOC shares. Zacks Investment Research raised shares of InterOil Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, May 18th. Raymond James Financial Inc. cut shares of InterOil Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 16th. Finally, Citigroup Inc. cut shares of InterOil Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.43.

The company has a 50 day moving average price of $45.05 and a 200-day moving average price of $34.25. The company’s market capitalization is $2.44 billion.

InterOil Corp. (NYSE:IOC) last issued its quarterly earnings results on Friday, May 13th. The company reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.31) by $0.03. The company had revenue of $921 million for the quarter, compared to analysts’ expectations of $1.10 billion. The firm’s revenue was down 92.1% on a year-over-year basis. Equities analysts forecast that InterOil Corp. will post ($1.25) EPS for the current fiscal year.

A hedge fund recently raised its stake in InterOil Corp. stock. KBC Group NV raised its position in InterOil Corp. (NYSE:IOC) by 297.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,445 shares of the company’s stock after buying an additional 28,770 shares during the period. KBC Group NV owned approximately 0.08% of InterOil Corp. worth $1,208,000 at the end of the most recent quarter.

InterOil Corporation (InterOil) is an oil and gas business with a sole focus on Papua New Guinea (PNG). The Company’s segments include Upstream and Corporate. The Upstream segment includes exploration, appraisal and development of hydrocarbon structures in PNG. The Corporate segment provides support to the Company’s other business segments through business development and improvement activities, general services, administration, human resources, executive management, financing and treasury, government affairs and investor relations.

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