World Fuel Services Corporation (INT) Getting Somewhat Favorable News Coverage, Analysis Finds
News headlines about World Fuel Services Corporation (NYSE:INT) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. World Fuel Services Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 46.7899247418946 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of World Fuel Services Corporation (NYSE:INT) opened at 35.26 on Tuesday. World Fuel Services Corporation has a 12 month low of $32.28 and a 12 month high of $47.49. The company has a 50 day moving average price of $35.29 and a 200-day moving average price of $36.09. The firm has a market capitalization of $2.41 billion, a PE ratio of 23.09 and a beta of 0.95.
World Fuel Services Corporation (NYSE:INT) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.06). The firm had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.41 billion. World Fuel Services Corporation had a net margin of 0.34% and a return on equity of 5.60%. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. Equities research analysts expect that World Fuel Services Corporation will post $2.26 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Investors of record on Monday, October 16th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, October 13th. World Fuel Services Corporation’s dividend payout ratio is currently 15.69%.
World Fuel Services Corporation announced that its Board of Directors has authorized a stock buyback plan on Wednesday, October 4th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the oil and gas company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
INT has been the subject of a number of research analyst reports. BidaskClub raised World Fuel Services Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research cut World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Bank of America Corporation cut World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $41.00 to $36.00 in a research report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. World Fuel Services Corporation has an average rating of “Hold” and an average price target of $42.00.
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In other news, EVP Robert Alexander Lake sold 1,500 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 42,302 shares of the company’s stock, valued at $1,480,570. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carlos M. Velazquez sold 6,850 shares of the company’s 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 transaction, the senior vice president now directly owns 16,946 shares of the company’s stock, valued at $571,758.04. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.
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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