InterOil Corporation (IOC): Today's Featured Energy 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 Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 0.8%. By the end of trading, InterOil Corporation fell $3.61 (-4.7%) to $73.27 on heavy volume. Throughout the day, two million shares of InterOil Corporation exchanged hands as compared to its average daily volume of 731,400 shares. The stock ranged in price between $70.02-$79.87 after having opened the day at $78.25 as compared to the previous trading day's close of $76.88. Other companies within the Energy industry that declined today were: GeoGlobal Resources ( GGR), down 10.8%, ZaZa Energy ( ZAZA), down 10.4%, New Concept Energy ( GBR), down 7%, and Renewable Energy Group ( REGI), down 6.7%.
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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 $3.69 billion and is part of the basic materials sector. Shares are up 50.4% 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 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.

On the positive front, Gasco Energy ( GSX), up 8.6%, Murphy Oil Corporation ( MUR), up 8%, Longwei Petroleum Investment Holding Limite ( LPH), up 7.7%, and Bonanza Creek Energy ( BCEI), up 7.1%, were all gainers within the energy industry with Chevron ( CVX) being today's featured energy industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

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