What Could Be Propelling InterOil Corporation (USA) to Decrease?

 What Could Be Propelling InterOil Corporation (USA) to Decrease?

In today’s session InterOil Corporation (USA) (IOC) recorded an unusually high (758) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious IOC decrease. With 758 contracts traded and 724 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: IOC170317P00040000 closed last at: $1.9 or 8.6% up. It is down 42.12% since April 22, 2016 and is uptrending. It has outperformed by 36.71% the S&P500.

Analysts await InterOil Corporation (USA) (NYSE:IOC) to report earnings on March, 29. They expect $-0.35 EPS, up 79.29% or $1.34 from last year’s $-1.69 per share. After $-0.36 actual EPS reported by InterOil Corporation (USA) for the previous quarter, Wall Street now forecasts -2.78% 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 stock of InterOil Corporation (USA) (NYSE:IOC) earned “Market Perform” rating by Bernstein on Monday, August 15. The firm has “Market Perform” rating by Raymond James given on Thursday, June 16. Goldman Sachs downgraded the stock to “Neutral” rating in Wednesday, November 4 report. Macquarie Research upgraded the stock to “Outperform” rating in Wednesday, August 5 report. On Tuesday, August 2 the stock rating was maintained by Goldman Sachs with “Neutral”. Citigroup downgraded InterOil Corporation (USA) (NYSE:IOC) on Tuesday, May 24 to “Neutral” rating. Goldman Sachs upgraded InterOil Corporation (USA) (NYSE:IOC) on Thursday, January 21 to “Buy” rating. The stock of InterOil Corporation (USA) (NYSE:IOC) has “Buy” rating given on Tuesday, October 20 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.”

InterOil Corporation is an gas and oil business with a sole focus on Papua New Guinea (PNG). The company has a market cap of $2.42 billion. The Company’s divisions include Upstream and Corporate. It currently has negative earnings. The Upstream segment includes exploration, appraisal and development of hydrocarbon structures in PNG.

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.

More news for InterOil Corporation (USA) (NYSE:IOC) were recently published by: Fool.com, which released: “InterOil Corporation (USA) Stock Is Up 39% on Acquisition News” on May 20, 2016. Marketwatch.com‘s article titled: “InterOil downgraded to market perform from outperform at Raymond James” and published on December 21, 2009 is yet another important article.

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