Aegean Marine Petroleum Network Inc. (ANW) Stock Price Up 2.9%
Aegean Marine Petroleum Network Inc. (NYSE:ANW) shares rose 2.9% on Monday . The company traded as high as $6.46 and last traded at $6.45, with a volume of 110,612 shares trading hands. The stock had previously closed at $6.27.
ANW has been the topic of a number of research reports. Jefferies Group restated a “buy” rating and issued a $14.00 price objective (down previously from $15.00) on shares of Aegean Marine Petroleum Network in a report on Thursday, May 26th. Zacks Investment Research upgraded Aegean Marine Petroleum Network from a “sell” rating to a “buy” rating and set a $8.25 price objective on the stock in a report on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.31.
The company has a market capitalization of $313.28 million and a price-to-earnings ratio of 8.732. The stock has a 50 day moving average price of $5.97 and a 200 day moving average price of $6.91.
Aegean Marine Petroleum Network (NYSE:ANW) last released its earnings results on Tuesday, May 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.01. The firm earned $752.93 million during the quarter. During the same period last year, the company earned $0.25 EPS. The business’s quarterly revenue was down 25.8% on a year-over-year basis. On average, analysts anticipate that Aegean Marine Petroleum Network Inc. will post $0.98 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 21st. Stockholders of record on Tuesday, June 7th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Friday, June 3rd.
A hedge fund recently bought a new stake in Aegean Marine Petroleum Network stock. Sabal Capital Management LLC acquired a new position in Aegean Marine Petroleum Network Inc. (NYSE:ANW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 506,308 shares of the company’s stock, valued at approximately $4,233,000. Aegean Marine Petroleum Network comprises 7.0% of Sabal Capital Management LLC’s holdings, making the stock its 7th largest position. Sabal Capital Management LLC owned approximately 1.02% of Aegean Marine Petroleum Network 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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