The energy industry closed the day up 4.9%. Superior Energy Services Inc ( SPN), GeoMet Inc ( GMET), KiOR Inc ( KIOR), and Arabian American Development Company ( ARSD) were all decliners today within the energy industry with InterOil Corporation ( IOC) being today's featured energy loser. InterOil Corporation fell 80 cents (-1.9%) to $41.72 on average volume. Throughout the day, 1.1 million shares of InterOil Corporation exchanged hands as compared to its average daily volume of 785,000 shares. InterOil Corporation primarily engages in the exploration, appraisal, and development of crude oil and natural gas properties in Papua New Guinea. It also involves in the refining and liquefaction of jet fuel, diesel, and gasoline, as well as naphtha and low sulfur waxy residue. InterOil Corporation has a market cap of $1.9 billion and is part of the basic materials sector. Shares are down 41.8% year to date as of the close of trading on Friday. TheStreet Ratings rates InterOil as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow.
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