Aegean Marine Petroleum Network Inc. (ANW) Trading Down 2.2%
Aegean Marine Petroleum Network Inc. (NYSE:ANW) fell 2.2% on Tuesday . The stock traded as low as $8.42 and last traded at $8.69, with a volume of 227,605 shares traded. The stock had previously closed at $8.89.
Several brokerages have weighed in on ANW. Zacks Investment Research raised Aegean Marine Petroleum Network from a “hold” rating to a “strong-buy” rating and set a $10.00 target price on the stock in a research report on Monday. Jefferies Group set a $14.00 target price on Aegean Marine Petroleum Network and gave the stock a “buy” rating in a research report on Wednesday, August 10th.
The firm has a market cap of $497.32 million and a P/E ratio of 11.68. The company’s 50-day moving average price is $6.57 and its 200 day moving average price is $6.92.
Aegean Marine Petroleum Network (NYSE:ANW) last released its earnings results on Wednesday, August 10th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.09. The business earned $987.60 million during the quarter, compared to analyst estimates of $870.85 million. The business’s quarterly revenue was down 18.2% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. On average, equities research analysts predict that Aegean Marine Petroleum Network Inc. will post $1.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 24th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Monday, August 22nd.
An institutional investor recently raised its position in Aegean Marine Petroleum Network stock. Systematic Financial Management LP raised its position in shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,310 shares of the company’s stock after buying an additional 9,530 shares during the period. Systematic Financial Management LP owned 0.31% of Aegean Marine Petroleum Network worth $1,290,000 at the end of the most recent quarter.
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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