CBL International (NASDAQ:BANL) Posts Earnings Results

CBL International (NASDAQ:BANL) posted its quarterly earnings results on Tuesday. The company reported $0.03 earnings per share for the quarter, reports. The firm had revenue of $197.79 million for the quarter.

CBL International Stock Performance

BANL opened at $13.55 on Wednesday. The business has a 50 day moving average price of $5.33 and a 200 day moving average price of $6.03. CBL International has a twelve month low of $3.46 and a twelve month high of $13.66.

CBL International Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 28th.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BANL shares. Weiss Ratings lowered shares of CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 30th. Wall Street Zen upgraded shares of CBL International to a “sell” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

CBL International Company Profile

CBL International Limited, a marine fuel logistics company, provides vessel refueling solutions in Malaysia, Hong Kong, China, South Korea, Singapore, and internationally. It facilitates vessel refueling between ship operators and local physical distributors/traders by purchasing marine fuel, including both fossil fuel and alternative fuel. The company’s services to its customers include vessel refueling options available at ports; arranges vessel refueling activities and local physical delivery of marine fuel; and coordinates vessel refueling schedule.