Aegean Marine Petroleum Network Inc. (ANW) Stock Price Up 2.9%
Aegean Marine Petroleum Network Inc. (NYSE:ANW) rose 2.9% during trading on Monday . The company traded as high as $6.46 and last traded at $6.45, with a volume of 110,612 shares changing hands. The stock had previously closed at $6.27.
ANW has been the subject of a number of recent analyst reports. Jefferies Group reissued a “buy” rating and issued a $14.00 target price (down previously from $15.00) on shares of Aegean Marine Petroleum Network in a report on Thursday, May 26th. Zacks Investment Research raised Aegean Marine Petroleum Network from a “sell” rating to a “buy” rating and set a $8.25 target price for the company in a report on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $15.31.
The stock has a 50-day moving average of $5.96 and a 200-day moving average of $6.91. The stock has a market capitalization of $329.74 million and a price-to-earnings ratio of 9.19.
Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings results on Tuesday, May 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.01. During the same quarter last year, the company posted $0.25 EPS. The company earned $752.93 million during the quarter. The business’s quarterly revenue was down 25.8% on a year-over-year basis. On average, analysts forecast that Aegean Marine Petroleum Network Inc. will post $0.98 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 21st. Investors of record on Tuesday, June 7th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, June 3rd. This represents a $0.08 dividend on an annualized basis and a yield of 1.21%.
A hedge fund recently bought a new stake in Aegean Marine Petroleum Network stock. Sabal Capital Management LLC acquired a new position in Aegean Marine Petroleum Network Inc. (NYSE:ANW) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 506,308 shares of the company’s stock, valued at approximately $4,233,000. Aegean Marine Petroleum Network makes up approximately 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 as of its most recent filing with the SEC.
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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