World News
WFS Shares See New 52-Week High
World Fuels Services' (WFS) [NYSE:INT] share price Thursday exceeded last Friday's 52-week high, hitting $55.56 as they opened for trading.
As at 2.20pm (New York time) over 180,000 WFS shares were traded against a 30-day average of around 596,000, meaning the shares are attracting much more interest than has been usual.
At the same time, the group's shares were hovering around $55.05 having slid back a little from the day's peak.
WFS shares have now traded within a low to high range of $35.01 to $55.56 within the last 52 weeks, meaning the current price is some 57 percent higher than it was in mid-October.
One report suggested an analyst consensus price of $56.75 for the stock, implying that there remained around 3 percent in potential gains to be had given the shares' current $55.05 level.
In February, the group said profits in its Marine segment were back to "peak levels."
On Wednesday, the group announced a 60% hike in its cash dividend for the latest quarter.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 655.50 | 2.00 | 808.50 | 4.50 |
| Rotterdam | 619.00 | 0.00 | 789.00 | 8.00 |
| Houston | 628.50 | 7.50 | 812.50 | 1.50 |
| Fujairah | 653.50 | 4.50 | 900.00 | 2.50 |
| Global 20 Ports Average | 672.00 | 0.50 | 885.00 | 7.00 |
| Global 4 Ports Average | 639.00 | 2.50 | 827.50 | 2.00 |
| Global Average Bunker Price | 727.50 | 1.50 | 933.50 | 5.00 |
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