CBL International (NASDAQ:BANL) Announces Quarterly Earnings Results

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

CBL International Price Performance

NASDAQ:BANL opened at $13.55 on Wednesday. CBL International has a one year low of $3.46 and a one year high of $13.66. The company’s 50-day simple moving average is $5.33 and its 200 day simple moving average is $6.03.

CBL International Dividend Announcement

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

Analyst Ratings Changes

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