InterOil Rises On Unusually High Volume (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) is trading at unusually high volume Tuesday with 1.5 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $8.36 (+10.7%) at $86.29 as of 10:45 a.m. ET.

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InterOil has a market cap of $3.72 billion and is part of the basic materials sector and energy industry. Shares are up 40.3% year to date as of the close of trading on Monday.

InterOil Corporation operates as an integrated oil and gas company in Papua New Guinea. The company operates in four segments: Upstream, Midstream, Downstream, and Corporate. The company has a P/E ratio of 2548, 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, increase in net income 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, premium valuation and weak operating cash flow. You can view the full InterOil Ratings Report.

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