(IOC) is an integrated energy company announcing third-quarter results Nov. 14.
Net income for the third quarter of 2011 is estimated at $1.1 million or 1 cent per share as compared to a net loss of $2.6 million or 6 cents per share in the year-ago quarter, according to analysts polled by
Bloomberg. Sales are seen at $329.7 million, an increase of 59% from $207.5 million recorded in the third quarter of 2010.
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Return on equity is seen at positive 1.75%, compared to negative 5.37%, while return on assets is estimated at 2.16%, compared to a loss of 3.36% in the year-ago quarter. Meanwhile, cash flow per share is seen rising by 34% to 38 cents.
All three analysts covering the stock recommend a buy on it. Analysts polled by
expect the stock to gain an average 58.3% to $77.33 from current levels over the next 12 months.