Aegean Marine Petroleum Network Inc. (ANW) Shares Down 1.5%
Aegean Marine Petroleum Network Inc. (NYSE:ANW) shares fell 1.5% during mid-day trading on Friday . The company traded as low as $6.31 and last traded at $6.38, with a volume of 153,684 shares traded. The stock had previously closed at $6.48.
Several analysts have recently weighed in on ANW shares. Jefferies Group reiterated a “buy” rating and issued a $14.00 price objective (down previously from $15.00) on shares of Aegean Marine Petroleum Network in a research note on Thursday, May 26th. Zacks Investment Research lowered shares of Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Aegean Marine Petroleum Network has a consensus rating of “Hold” and a consensus price target of $15.31.
The company has a market capitalization of $313.73 million and a P/E ratio of 8.74. The firm’s 50 day moving average is $5.97 and its 200-day moving average is $6.94.
Aegean Marine Petroleum Network (NYSE:ANW) last issued its quarterly earnings results on Tuesday, May 24th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.01. During the same quarter in the previous year, the company earned $0.25 EPS. The business had revenue of $752.93 million for the quarter. Aegean Marine Petroleum Network’s revenue for the quarter was down 25.8% compared to the same quarter last year. Equities research analysts expect that Aegean Marine Petroleum Network Inc. will post $0.98 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 21st. Shareholders of record on Tuesday, June 7th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, June 3rd.
A hedge fund recently bought a new stake in Aegean Marine Petroleum Network stock. Sabal Capital Management LLC purchased a new position in shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 506,308 shares of the company’s stock, valued at approximately $4,233,000. Aegean Marine Petroleum Network makes up about 7.0% of Sabal Capital Management LLC’s portfolio, making the stock its 7th largest position. Sabal Capital Management LLC owned 1.02% of Aegean Marine Petroleum Network at the end of the most recent reporting period.
Aegean Marine Petroleum Network Inc is an international marine fuel logistics company. The Company markets and physically supplies refined marine fuel and lubricants to vessels in port, at sea and on rivers. As a physical supplier, the Company procures marine fuel from refineries, oil producers and other sources, and resells and delivers the fuels from its bunkering vessels to a range of end users.
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