InterOil Reaches New 52-Week High (IOC)

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

NEW YORK ( TheStreet) -- InterOil Corporation (NYSE: IOC) hit a new 52-week high Friday as it is currently trading at $94.08, above its previous 52-week high of $91.88 with 323,717 shares traded as of 9:50 a.m. ET. Average volume has been 663,000 shares over the past 30 days.

InterOil has a market cap of $4.15 billion and is part of the basic materials sector and energy industry. Shares are up 67.9% year to date as of the close of trading on Thursday.

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.

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TheStreet Ratings rates InterOil as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity. You can view the full InterOil Ratings Report.

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