InterOil Corporation (USA) (NYSE:IOC) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 4, 2016
Having a price of $50.47, InterOil Corporation (USA) (NYSE:IOC) traded -0.57% lower on the day. With the last stock price up 19.35% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. IOC has recorded a 50-day average of $49.46 and a two hundred day average of $42.29. Trade Volume was down over the average, with 252,684 shares of IOC changing hands under the typical 508,306
Zacks Investment Research has upgraded InterOil Corporation (USA) (NYSE:IOC) to Hold in a statement released on 10/5/2016.
Recent Performance Chart
InterOil Corporation (USA) has with a one year low of $21.18 and a one year high of $51.49 and has a market capitalization of $0.
A total of 6 analysts have released a report on InterOil Corporation (USA). Two analysts rating the company a strong buy, six analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $52.92.
General Company Details For InterOil Corporation (USA) (NYSE:IOC)
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. InterOil holds interests across over four exploration and approximately two production retention licenses in the Eastern Papuan Basin of Papua New Guinea. Its assets include the Elk, Antelope, Triceratops, Raptor and Bobcat fields in the Gulf Province of Papua New Guinea, and exploration licenses covering approximately 16,000 square kilometers (over four million acres) in Papua New Guinea.
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