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InterOil Corporation (IOC): Today's Featured Basic Materials Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

InterOil Corporation (IOC) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 1.2%. By the end of trading, InterOil Corporation fell 83 cents (-1.3%) to $63.88 on average volume. Throughout the day, 615,234 shares of InterOil Corporation exchanged hands as compared to its average daily volume of 763,400 shares. The stock ranged in price between $63-$65.57 after having opened the day at $65.32 as compared to the previous trading day's close of $64.71. Other companies within the Basic Materials sector that declined today were: Coeur D'Alene Mines Corporation (CDE), down 20.6%, GeoGlobal Resources (GGR), down 17.6%, Atlatsa Resources (ATL), down 13.7%, and Apco Oil and Gas International (APAGF), down 11.5%.

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InterOil Corporation operates as an integrated oil and gas company in Papua New Guinea. The company engages in the exploration, appraisal, and development of crude oil and natural gas structures. InterOil Corporation has a market cap of $3.13 billion and is part of the energy industry. The company has a P/E ratio of -108.1, below the S&P 500 P/E ratio of 17.7. Shares are up 26.6% year to date as of the close of trading on Monday. Currently there are two analysts that rate InterOil Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates InterOil Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and disappointing return on equity.

On the positive front, BMB Munai (BMBM), up 29.8%, Entree Gold (EGI), up 20.8%, HyperDynamics Corporation (HDY), up 15.8%, and Alon USA Energy (ALJ), up 12.7%, were all gainers within the basic materials sector with Occidental Petroleum Corporation (OXY) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR (XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd (SBM).

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