InterOil (NYSE: IOC) released its earnings data on Wednesday. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.20) by $0.58. During the same quarter last year, the company posted $0.27 earnings per share.
On the ratings front, analysts at Zacks downgraded shares of InterOil from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 9th. They now have a $63.10 price target on the stock.
Shares of InterOil (IOC) traded down 0.73% during mid-day trading on Wednesday, hitting $73.43. InterOil (IOC) has a 52 week low of $47.02 and a 52 week high of $99.05. The stock’s 50-day moving average is currently $63.69. The company’s market cap is $3.568 billion.
InterOil Corporation (InterOil) is an integrated energy company operating in Papua New Guinea and its surrounding Southwest Pacific region.
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