Aegean Marine Petroleum Network Inc. (ANW) Shares Down 8.2%
Shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) were down 8.2% on Tuesday . The stock traded as low as $5.00 and last traded at $5.02, with a volume of 200,017 shares traded. The stock had previously closed at $5.47.
Several analysts recently weighed in on ANW shares. Zacks Investment Research upgraded Aegean Marine Petroleum Network from a “sell” rating to a “buy” rating and set a $8.25 price objective for the company in a research report on Wednesday, May 18th. Jefferies Group restated a “buy” rating and set a $14.00 price objective (down from $15.00) on shares of Aegean Marine Petroleum Network in a research report on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Aegean Marine Petroleum Network currently has a consensus rating of “Hold” and a consensus price target of $15.31.
The stock has a market capitalization of $269.69 million and a price-to-earnings ratio of 7.52. The stock has a 50-day moving average price of $6.17 and a 200 day moving average price of $7.03.
Aegean Marine Petroleum Network (NYSE:ANW) last announced its quarterly earnings results on Tuesday, May 24th. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The firm earned $752.93 million during the quarter. During the same period in the previous year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was down 25.8% compared to the same quarter last year. Equities analysts forecast that Aegean Marine Petroleum Network Inc. will post $0.98 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 21st. Investors of record on Tuesday, June 7th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.54%. The ex-dividend date was Friday, June 3rd.
A hedge fund recently raised its stake in Aegean Marine Petroleum Network stock. Systematic Financial Management LP raised its stake in shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 6.6% during the fourth quarter, according to its most recent Form 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 0.31% of Aegean Marine Petroleum Network worth $1,290,000 at the end of the most recent reporting period.
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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