Aegean Marine Petroleum Network Inc. (ANW) Sees Large Volume Increase
Shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) saw an uptick in trading volume on Friday . 513,636 shares traded hands during trading, an increase of 31% from the previous session’s volume of 392,598 shares.The stock last traded at $10.51 and had previously closed at $10.28.
A number of research firms have issued reports on ANW. Zacks Investment Research upgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “strong-buy” rating and set a $10.00 price target for the company in a report on Monday, August 15th. Jefferies Group set a $14.00 target price on shares of Aegean Marine Petroleum Network and gave the company a “buy” rating in a research note on Wednesday, August 10th.
The firm’s 50 day moving average is $6.85 and its 200-day moving average is $6.97. The company has a market capitalization of $542.94 million and a price-to-earnings ratio of 12.75.
Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.23 by $0.09. During the same period in the prior year, the firm posted $0.15 earnings per share. The company earned $987.60 million during the quarter, compared to the consensus estimate of $870.85 million. The company’s revenue was down 18.2% compared to the same quarter last year. On average, equities analysts forecast that Aegean Marine Petroleum Network Inc. will post $1.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 24th will be paid a $0.02 dividend. The ex-dividend date is Monday, August 22nd. This represents a $0.08 annualized dividend and a yield of 0.75%.
A hedge fund recently raised its stake in Aegean Marine Petroleum Network stock. Systematic Financial Management LP increased 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 approximately 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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