This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Energy Stocks That Could Outperform

3. InterOil Corp. is an independent energy company operating in the upstream, midstream and downstream business segments.

For the second quarter of 2011, the company's operating segments of corporate, midstream refining and downstream were profitable and yielded an aggregate $34.5 million, whereas the development segments of upstream and midstream liquefaction recorded combined net losses of $11 million. Overall, net profit reported was $23.5 million, compared with $7.8 million during the same quarter last year.

Improved performance of the refining and downstream segments contributed toward higher gross profits. Earnings before interest, taxes, depreciation and amortization for the quarter were $39 million, compared with $15 million in the year-ago quarter. Total revenue increased to $304 million during the period from $225 million in the same period prior year.

The company recently proposed supplying one million tons per annum of liquid natural gas to Noble Clean Fuels from its Gulf LNG project in Papua New Guinea.

Of analysts polled by Bloomberg, 83% rate the stock a buy. Their average one-year price target is 71% greater than current levels.

9 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CVX $109.11 0.00%
EXXI $4.30 0.00%
HAL $46.89 0.00%
IOC $50.19 0.00%
SLB $92.86 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs