NEW YORK ( TheStreet) -- Shares of InterOil Corporation (NYSE: IOC) were gapping down Monday morning with an open price 12.5% lower than Friday's closing price. The stock closed at $57.61 Friday and opened today's trading at $50.40. The average volume for InterOil has been 784,200 shares per day over the past 30 days. InterOil has a market cap of $2.79 billion and is part of the basic materials sector and energy industry. Shares are up 12.7% year to date as of the close of trading on Friday. 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. The company has a P/E ratio of 161.1, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates InterOil as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full InterOil Ratings Report. Get more investment ideas from our investment research center.