Aegean Marine Petroleum Network Inc. (ANW) Trading Down 1%
Aegean Marine Petroleum Network Inc. (NYSE:ANW)’s share price was down 1% during mid-day trading on Tuesday . The company traded as low as $10.46 and last traded at $10.67, with a volume of 527,335 shares. The stock had previously closed at $10.78.
A number of equities analysts have issued reports on ANW shares. Jefferies Group set a $14.00 price target on Aegean Marine Petroleum Network and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Zacks Investment Research upgraded Aegean Marine Petroleum Network from a “sell” rating to a “buy” rating and set a $8.25 price target on the stock in a research report on Wednesday, May 18th.
The stock has a market capitalization of $538.38 million and a price-to-earnings ratio of 12.64. The company’s 50-day moving average price is $7.11 and its 200 day moving average price is $7.02.
Aegean Marine Petroleum Network (NYSE:ANW) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.09. During the same period last year, the firm earned $0.15 EPS. The firm had revenue of $987.60 million for the quarter, compared to analysts’ expectations of $870.85 million. Aegean Marine Petroleum Network’s revenue was down 18.2% compared to the same quarter last year. Equities analysts expect that Aegean Marine Petroleum Network Inc. will post $1.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Wednesday, August 24th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Monday, August 22nd.
A hedge fund recently raised its stake in Aegean Marine Petroleum Network stock. Systematic Financial Management LP boosted its stake in Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,310 shares of the company’s stock after buying an additional 9,530 shares during the period. Systematic Financial Management LP owned about 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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