Aegean Marine Petroleum Network Inc. (ANW) Shares Down 3%
Aegean Marine Petroleum Network Inc. (NYSE:ANW) fell 3% during mid-day trading on Tuesday . The company traded as low as $6.54 and last traded at $6.57, with a volume of 122,913 shares changing hands. The stock had previously closed at $6.77.
A number of brokerages have issued reports on ANW. Jefferies Group reissued a “buy” rating on shares of Aegean Marine Petroleum Network in a research note on Monday, August 1st. Zacks Investment Research raised shares of Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th.
The firm has a market capitalization of $330.74 million and a price-to-earnings ratio of 9.22. The stock’s 50 day moving average is $6.10 and its 200-day moving average is $6.86.
Aegean Marine Petroleum Network (NYSE:ANW) last announced its quarterly earnings data 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 company had revenue of $752.93 million for the quarter. Aegean Marine Petroleum Network’s revenue for the quarter was down 25.8% on a year-over-year basis. During the same period last year, the company earned $0.25 EPS. On average, equities research analysts forecast that Aegean Marine Petroleum Network Inc. will post $0.97 earnings per share for the current year.
An institutional investor recently raised its position 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 filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,310 shares of the company’s stock after buying an additional 9,530 shares during the period. Systematic Financial Management LP owned approximately 0.31% of Aegean Marine Petroleum Network worth $1,290,000 as of its most recent SEC filing.
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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