InterOil Corporation (NYSE:IOC):
InterOil Provides Update on ExxonMobil Transaction.
In the market the company is trading up by 1.78 percent from yesterday’s close.
The stock last traded at $50.40 which is marginally over the 50 day moving average of $49.19 and slightly over the 200 day moving average of $41.53. The 50 day moving average went up by +2.46% and the 200 day average was up $8.87.
In the last earnings report the EPS was $-5.28 and is expected to be $-1.63 for the current year with 49,966,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $-0.30 and the next full year EPS is anticipated to be $-1.19.
Several ratings analysts have issued ratings on the company recently. On August 15 the company was set at “Market Perform” in a report from Bernstein which is down from the previous “Outperform” rating. On June 16, 2016 the stock rating was changed to a “Market Perform” according to a Raymond James report down from the previous “” rating.
On May 24, 2016 the stock rating was rated “Neutral” by Citigroup a cut from the previous “Buy” rating. On January 27 Credit Suisse kept the stock rating at “Outperform” but moved down the price target to $49.80 from $52.20.
On January 21 the company was upgraded to “Buy” from “Neutral” in a report from Goldman Sachs. January 19 investment analysts at Credit Suisse held the company rating at “Outperform” but raised the price target from $24.09 to $52.20.