Aegean Marine Petroleum Network Inc. (ANW) Trading Down 1%
Aegean Marine Petroleum Network Inc. (NYSE:ANW) shares traded down 1% on Tuesday . The stock 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.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded 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 research note on Monday, August 15th. Jefferies Group restated a “buy” rating and issued a $14.00 price target (down previously from $15.00) on shares of Aegean Marine Petroleum Network in a research note on Thursday, May 26th.
The company’s 50 day moving average price is $7.25 and its 200-day moving average price is $7.05. The stock has a market capitalization of $533.82 million and a P/E ratio of 12.54.
Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.09. During the same period in the previous year, the business earned $0.15 EPS. The business earned $987.60 million during the quarter, compared to analyst estimates of $870.85 million. The firm’s revenue for the quarter 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 disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Wednesday, August 24th will be given a $0.02 dividend. The ex-dividend date is Monday, August 22nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.76%.
A hedge fund recently raised its stake in Aegean Marine Petroleum Network stock. Systematic Financial Management LP raised its position in Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 6.6% during the fourth quarter, according to its most recent disclosure with the 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 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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