Shares of InterOil Corporation (NYSE:IOC) were gapping up Friday morning with an open price 13.5% higher than Thursday's closing price. The stock closed at $93.47 yesterday and opened today's trading at $106.06.
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) -- Shares of InterOil Corporation (NYSE: IOC) were gapping up Friday morning with an open price 13.5% higher than Thursday's closing price. The stock closed at $93.47 Thursday and opened today's trading at $106.06.
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The average volume for InterOil has been 754,900 shares per day over the past 30 days. InterOil has a market cap of $4.49 billion and is part of the basic materials sector and energy industry. Shares are up 66.3% 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 operates in four segments: Upstream, Midstream, Downstream, and Corporate. TheStreet Ratings rates InterOil as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full InterOil Ratings Report. Get more investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.