Aegean Marine Petroleum Network Inc. (ANW) Shares Down 2.4%
Aegean Marine Petroleum Network Inc. (NYSE:ANW)’s share price was down 2.4% during mid-day trading on Tuesday . The stock traded as low as $10.11 and last traded at $10.19, with a volume of 427,814 shares. The stock had previously closed at $10.44.
Several equities analysts recently issued reports on ANW shares. Jefferies Group reaffirmed a “buy” rating on shares of Aegean Marine Petroleum Network in a report on Monday, August 1st. Zacks Investment Research cut Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th.
The company has a market capitalization of $506.95 million and a P/E ratio of 11.90. The firm has a 50-day moving average price of $7.76 and a 200-day moving average price of $7.16.
Aegean Marine Petroleum Network (NYSE:ANW) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. The company had revenue of $987.60 million for the quarter, compared to analyst estimates of $870.85 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The firm’s revenue for the quarter was down 18.2% compared to the same quarter last year. Equities analysts anticipate that Aegean Marine Petroleum Network Inc. will post $1.24 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Wednesday, August 24th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Monday, August 22nd.
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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