Stock of the Day - Daily Article
Written by MsEconometrica   
Saturday, 13 August 2011 08:03

InterOil Corporation (NYSE: IOC) is an integrated oil and gas company incorporated in Canada-Papua New Guinea in 1997. InterOil operates in four different segments: upstream, midstream, downstream and corporate. The upstream segment investigates for natural gas and oil structures to commercialize discoveries. The midstream segment provides petroleum products at Napa Napa in Papua New Guinea for export and the domestic markets. The downstream segment distributes refined petroleum products in Papua New Guinea. The corporate segment supports the other segments with development and improvement activities and is responsible for investor relations. InterOil has a refinery with a capacity of 36000 barrel per day and has begun a comprehensive exploration program in Papua New Guinea. InterOil also has a contract with Royal Dutch Shell to protect the refined products of the company.

InterOil Systems Inc. is a mid-cap company with a market cap of $2.86 billion. For the second-quarter results of 2011, IOC recorded a net profit of $23.5 million, representing a more than 200% increase from the same period of 2010. InterOil Systems Inc. has a significant forward P/E ratio of 198.80. Although IOC has an EPS growth of 0.00% for past five years, it has a tremendous EPS growth of 119.74% for the last quarter. IOC announced that the total revenue is also increasing almost 35% to $303.8 million in the second quarter of 2011, compared with the second quarter of 2010. IOC has a 52 week low of $ 41.67 and a 52 week high of $ 81.98. InterOil Systems Inc. has a high upside potential in its market.

Last Updated on Saturday, 13 August 2011 11:51