Price Action Don’t Lie: Can InterOil Corporation (USA)’s Tomorrow be Different? The Stock Declines Again

Price Action Don't Lie: Can InterOil Corporation (USA)'s Tomorrow be Different? The Stock Declines Again

The stock of InterOil Corporation (USA) (NYSE:IOC) is a huge mover today! The stock decreased 5.79% or $2.81 on November 4, hitting $45.75. InterOil Corporation (USA) (NYSE:IOC) has risen 56.70% since April 4, 2016 and is uptrending. It has outperformed by 55.61% the S&P500.
The move comes after 7 months negative chart setup for the $2.29B company. It was reported on Nov, 4 by Barchart.com. We have $41.63 PT which if reached, will make NYSE:IOC worth $206.10M less.

Analysts await InterOil Corporation (USA) (NYSE:IOC) to report earnings on November, 11. They expect $-0.37 earnings per share, up 27.45% or $0.14 from last year’s $-0.51 per share. After $-1.16 actual earnings per share reported by InterOil Corporation (USA) for the previous quarter, Wall Street now forecasts -68.10% EPS growth.

InterOil Corporation (USA) (NYSE:IOC) Ratings Coverage

Out of 5 analysts covering Interoil Corporation (NYSE:IOC), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. Interoil Corporation has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, August 15 by Bernstein. The rating was downgraded by Goldman Sachs to “Neutral” on Wednesday, November 4. The firm has “Outperform” rating by Macquarie Research given on Wednesday, August 5. Raymond James downgraded the shares of IOC in a report on Thursday, June 16 to “Market Perform” rating. Goldman Sachs maintained InterOil Corporation (USA) (NYSE:IOC) rating on Tuesday, August 2. Goldman Sachs has “Neutral” rating and $50 price target. As per Tuesday, October 20, the company rating was initiated by Citigroup. On Thursday, January 21 the stock rating was upgraded by Goldman Sachs to “Buy”. The firm earned “Neutral” rating on Tuesday, May 24 by Citigroup. The company was upgraded on Monday, August 3 by Goldman Sachs.

According to Zacks Investment Research, “InterOil Corporation is engaged in the exploration, appraisal, and development of crude oil and natural gas properties primarily in Papua New Guinea. The Company is also engaged in the distribution of refined products under its branded name InterOil Products Limited; and in the refining and liquefaction of jet fuel, diesel, and gasoline, naphtha and low sulfur waxy residue. InterOil Corporation is based in Cairns, Australia.”

More recent InterOil Corporation (USA) (NYSE:IOC) news were published by: Fool.com which released: “InterOil Corporation (USA) Stock Is Up 39% on Acquisition News” on May 20, 2016. Also Marketwatch.com published the news titled: “InterOil downgraded to market perform from outperform at Raymond James” on December 21, 2009. Benzinga.com‘s news article titled: “Goldman Is Buying InterOil Corp, Sees 68% Upside” with publication date: January 21, 2016 was also an interesting one.

IOC Company Profile

InterOil Corporation (InterOil), incorporated on August 24, 2007, is an gas and oil business with a sole focus on Papua New Guinea (PNG). The Company’s divisions 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 divisions 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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