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InterOil (IOC) Falls: Stock Goes Down 5.2%

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InterOil CorporationIOC saw a big move last session, as the company's shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for IOC, as the stock is now down 22% in the past one-month time frame.

The oil & gas company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

IOC currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the broader Oils-Energy sector is Alon USA Partners, LP ALDW , holding a Zacks Rank #1 (Strong Buy).

Is IOC going up? Or down? Predict to see what others think: Up or Down

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INTEROIL CORP (IOC): Free Stock Analysis Report

ALON USA PTNRS (ALDW): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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