Shares of InterOil (NYSE:IOC) was the recipient of some unusual options trading activity on Thursday. Investors bought 22,713 put options on the stock, Stock Ratings Network.com reports. This represents an increase of approximately 584% compared to the average daily volume of 3,320 put options.
Separately, analysts at Zacks downgraded shares of InterOil (NYSE:IOC) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, July 29th. They now have a $89.00 price target on the stock.
InterOil (NYSE:IOC) traded down 2.63% during mid-day trading on Thursday, hitting $72.47. 327,532 shares of the company’s stock traded hands. InterOil has a one year low of $50.90 and a one year high of $106.44. The stock’s 50-day moving average is $74.78 and its 200-day moving average is $76.35. The company has a market cap of $3.537 billion and a P/E ratio of 256.66.
InterOil (NYSE:IOC) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.07) by $0.20. The company had revenue of $345.70 million for the quarter, compared to the consensus estimate of $261.35 million. During the same quarter last year, the company posted ($0.66) earnings per share. InterOil’s revenue was up 15.6% compared to the same quarter last year. Analysts expect that InterOil will post $-0.34 EPS for the current fiscal year.
InterOil Corporation (NYSE:IOC) is an integrated energy company operating in Papua New Guinea and its surrounding Southwest Pacific region.
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