World Fuel Services Corporation (INT) Receiving Somewhat Favorable Media Coverage, Analysis Finds
News stories about World Fuel Services Corporation (NYSE:INT) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. World Fuel Services Corporation earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.421485247492 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
World Fuel Services Corporation (NYSE INT) opened at 35.81 on Thursday. The stock has a market capitalization of $2.45 billion, a P/E ratio of 23.45 and a beta of 0.95. World Fuel Services Corporation has a 52 week low of $32.28 and a 52 week high of $47.49. The stock’s 50 day moving average price is $34.72 and its 200-day moving average price is $36.08.
World Fuel Services Corporation (NYSE:INT) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.06). World Fuel Services Corporation had a net margin of 0.34% and a return on equity of 5.60%. The company had revenue of $8.09 billion during the quarter, compared to analyst estimates of $8.41 billion. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The business’s revenue was up 21.9% on a year-over-year basis. Equities research analysts expect that World Fuel Services Corporation will post $2.26 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Monday, October 16th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.67%. World Fuel Services Corporation’s payout ratio is currently 15.69%.
Several research firms have commented on INT. Bank of America Corporation downgraded World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $41.00 to $36.00 in a research note on Tuesday, September 26th. BidaskClub raised World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Zacks Investment Research downgraded World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $42.00.
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In other news, EVP Robert Alexander Lake sold 1,500 shares of World Fuel Services Corporation stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $35.00, for a total transaction of $52,500.00. Following the sale, the executive vice president now owns 42,302 shares of the company’s stock, valued at $1,480,570. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Carlos M. Velazquez sold 6,850 shares of World Fuel Services Corporation stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $33.74, for a total value of $231,119.00. Following the sale, the senior vice president now directly owns 16,946 shares in the company, valued at approximately $571,758.04. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
About World Fuel Services Corporation
World Fuel Services Corporation is engaged in providing aviation, marine and land energy, logistics and technology solutions to customers and suppliers around the world. The Company operates through three segments: Aviation, Marine and Land. In its Aviation segment, the Company offers fuel and related products and services.
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