Large Outflow of Money Witnessed in InterOil Corporation

InterOil Corporation (IOC) : The total negative money flow of $3.15 million on Friday indicates selling on strength. The inflow of money on upticks was $10.02 million, compared to $13.16 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.76. The negative money flow of $2.19 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $2.19 million. The price action in the InterOil Corporation (IOC) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $49.14 with a gain of $0.55 , a change of 1.13% over the previous days close. The stock registered 3.21% for the week.


InterOil Corporation (IOC) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $65 and the lowest price target forecast is $50. The average forecast of all the analysts is $57.5 and the expected standard deviation is $10.61.

InterOil Corporation (NYSE:IOC): stock turned positive on Friday. Though the stock opened at $48.54, the bulls momentum made the stock top out at $49.35 level for the day. The stock recorded a low of $48.36 and closed the trading day at $49.19, in the green by 1.23%. The total traded volume for the day was 1,257,358. The stock had closed at $48.59 in the previous days trading.

InterOil Corporation (InterOil) is an oil and gas exploration and production company. Papua New Guinea explores for oil and gas across over 4 million acres in the south of the country. The area is divided into four Petroleum Prospecting Licenses (PPLs) and two Petroleum Retention Licenses (PRLs). A feature of InterOils work in Papua New Guinea is PRL 15 that contains the Elk-Antelope field. PRL 39 contains the Triceratops discovery. The Company held approximately 40.1% interest in PRL 15. Its subsidiaries include SPI Exploration and Production Corporation, InterOil Singapore Pte Ltd, InterOil Corporate PNG Limited, South Pacific Refining Limited, SPI Distribution Limited, InterOil LNG Holdings Inc., InterOil Australia Pty Ltd and Direct Employment Services Company, among others. Its applications for new petroleum prospecting licenses were approved with PPL 474 replacing PPL 236, PPL 475 replacing PPL 237, and PPL 476 and PPL 477 replacing PPL 238 and included new license commitments.

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