Zacks Investment Research upgraded shares of INTEROIL CORP (IOC) from NEUTRAL to OUTPERFORM on May 29, 2012, with a target price of $67.40.
InterOil Corporation is engaged in the exploration, appraisal, and development of crude oil and natural gas properties primarily in Papua New Guinea. The Company is also engaged in the distribution of refined products under its branded name InterOil Products Limited and in the refining and liquefaction of jet fuel, diesel, and gasoline, naphtha and low sulfur waxy residue. InterOil Corporation is based in Cairns, Australia.
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