World Fuel Services Corp (NYSE:INT) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,651,928 shares, a growth of 65.2% from the January 31st total of 999,798 shares. Based on an average trading volume of 562,410 shares, the days-to-cover ratio is presently 2.9 days. Approximately 2.5% of the company’s shares are sold short.
Shares of World Fuel Services (NYSE INT) opened at $23.61 on Wednesday. World Fuel Services has a 1 year low of $20.64 and a 1 year high of $40.16. The company has a current ratio of 1.45, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. The stock has a market cap of $1,594.37, a PE ratio of -9.30, a P/E/G ratio of 2.04 and a beta of 1.01.
World Fuel Services (NYSE:INT) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.36). The company had revenue of $8.87 billion for the quarter, compared to the consensus estimate of $8.72 billion. World Fuel Services had a positive return on equity of 6.45% and a negative net margin of 0.51%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. analysts expect that World Fuel Services will post 2.31 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. bought a new position in World Fuel Services during the 3rd quarter worth approximately $170,000. State of Alaska Department of Revenue bought a new position in World Fuel Services during the 4th quarter worth approximately $146,000. Amundi Pioneer Asset Management Inc. acquired a new stake in World Fuel Services during the 4th quarter worth approximately $155,000. TD Asset Management Inc. acquired a new stake in World Fuel Services during the 3rd quarter worth approximately $204,000. Finally, Itau Unibanco Holding S.A. raised its holdings in World Fuel Services by 51.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 6,091 shares of the oil and gas company’s stock worth $171,000 after buying an additional 2,077 shares during the period. 89.50% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on INT. Zacks Investment Research upgraded shares of World Fuel Services from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. ValuEngine downgraded shares of World Fuel Services from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Seaport Global Securities assumed coverage on shares of World Fuel Services in a report on Friday, February 9th. They set a “neutral” rating for the company. TheStreet downgraded shares of World Fuel Services from a “c-” rating to a “d+” rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus cut their target price on shares of World Fuel Services from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.00.
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World Fuel Services Company Profile
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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