Shares of InterOil Corporation (IOC) Sees Large Outflow of Money

InterOil Corporation (IOC) : Net money flow in InterOil Corporation (IOC) was negative ($3.97 million) and the inflow of money on uptick was $2.89 million, whereas, the outflow of money on downticks amounted to $6.86 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.42. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $3.53 million. The money flow in block trades was negative ($3.53). InterOil Corporation (IOC) gained $0.05 cent during the day and reached $47.2, a gain of 0.11% over the previous day.


InterOil Corporation (IOC) : 2 investment research analysts covering InterOil Corporation (IOC) have an average price target of $57.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $65 and the lowest target is $50 for the short term. Analysts expect the variance to be within $10.61 of the average price. The stock has recorded a 20-day Moving Average of 8.7% and the 50-Day Moving Average is 21.31%.

InterOil Corporation (NYSE:IOC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.15 and $46.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.23, notching a gain of 0.17% for the day. The total traded volume was 328,410 . The stock had closed at $47.15 on the previous day.

InterOil Corporation (InterOil) is an oil and gas exploration and production company. Papua New Guinea explores for oil and gas across over 4 million acres in the south of the country. The area is divided into four Petroleum Prospecting Licenses (PPLs) and two Petroleum Retention Licenses (PRLs). A feature of InterOils work in Papua New Guinea is PRL 15 that contains the Elk-Antelope field. PRL 39 contains the Triceratops discovery. The Company held approximately 40.1% interest in PRL 15. Its subsidiaries include SPI Exploration and Production Corporation, InterOil Singapore Pte Ltd, InterOil Corporate PNG Limited, South Pacific Refining Limited, SPI Distribution Limited, InterOil LNG Holdings Inc., InterOil Australia Pty Ltd and Direct Employment Services Company, among others. Its applications for new petroleum prospecting licenses were approved with PPL 474 replacing PPL 236, PPL 475 replacing PPL 237, and PPL 476 and PPL 477 replacing PPL 238 and included new license commitments.

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