World Fuel Services (NYSE:INT) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 2,526,153 shares, a decline of 33.0% from the April 13th total of 3,772,103 shares. Based on an average daily volume of 959,231 shares, the days-to-cover ratio is currently 2.6 days. Currently, 3.8% of the company’s stock are short sold.
World Fuel Services opened at $22.35 on Friday, MarketBeat reports. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.54 billion, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92. World Fuel Services has a 1-year low of $22.04 and a 1-year high of $22.61.
World Fuel Services (NYSE:INT) last posted its earnings results on Thursday, April 26th. The oil and gas company reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. The business had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.12 billion. World Fuel Services had a positive return on equity of 6.83% and a negative net margin of 0.49%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. equities analysts forecast that World Fuel Services will post 1.98 EPS for the current year.
Several research firms have weighed in on INT. ValuEngine lowered World Fuel Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised World Fuel Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Seaport Global Securities began coverage on World Fuel Services in a research report on Friday, February 9th. They set a “neutral” rating on the stock. TheStreet lowered World Fuel Services from a “c-” rating to a “d+” rating in a research report on Friday, February 23rd. Finally, Stifel Nicolaus decreased their target price on World Fuel Services from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. World Fuel Services currently has a consensus rating of “Hold” and an average price target of $38.00.
World Fuel Services Company Profile
World Fuel Services Corporation engages in the distribution of fuel, and related products and services in the aviation, marine, and land transportation industries worldwide. Its Aviation segment offers fuel management; price risk management; ground handling; dispatch; and international trip planning services, such as flight plans, weather reports, and overflight permits.
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