Large Outflow of Money Witnessed in InterOil Corporation

InterOil Corporation (IOC) had an volatile session and gained 0.02 points till last call. The price was at $47.85, gaining 0.04% till the last intraday data. The total uptick value was $1.08 million while the total downtick value was $8.35 million. The shares saw a net money flow of $(-7.27) million and the up/down ratio stood at 0.13. The stock has seen a change of of -0.83% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-7.05) million. Almost $0 million were received in upticks and approximately $7.05 million were lost in downticks, thereby giving the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

InterOil Corporation has dropped 1.73% in the last five trading days, however, the shares have posted positive gains of 0.38% in the last 4 weeks. InterOil Corporation has dropped 3.75% during the last 3-month period . Year-to-Date the stock performance stands at 0.38%. InterOil Corporation (NYSE:IOC) witnessed a decline in the market cap on Wednesday as its shares dropped 0.15% or 0.07 points. After the session commenced at $48.05, the stock reached the higher end at $48.05 while it hit a low of $47.65. With the volume soaring to 2,372,059 shares, the last trade was called at $47.76. The company has a 52-week high of $51.49. The company has a market cap of $2,395 million and there are 50,147,795 shares in outstanding. The 52-week low of the share price is $24.77.

InterOil Corporation (USA) Last issued its quarterly earnings results on Nov 14, 2016. The company reported $-0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.14. Analyst had a consensus of $-0.37. The company had revenue of $7.20 million for the quarter, compared to analysts expectations of $.60 million. The companys revenue was down -39.0 % compared to the same quarter last year.

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.


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