Aegean Marine Petroleum Network Inc. (ANW) Shares Down 3%
Aegean Marine Petroleum Network Inc. (NYSE:ANW)’s share price was down 3% during trading on Tuesday . The company traded as low as $6.54 and last traded at $6.57, with a volume of 122,913 shares. The stock had previously closed at $6.77.
A number of equities analysts have recently commented on ANW shares. Zacks Investment Research upgraded shares of Aegean Marine Petroleum Network from a “sell” rating to a “buy” rating and set a $8.25 price target on the stock in a report on Wednesday, May 18th. Jefferies Group reiterated a “buy” rating and set a $14.00 price target (down previously from $15.00) on shares of Aegean Marine Petroleum Network in a report on Thursday, May 26th.
The stock’s 50-day moving average is $6.15 and its 200-day moving average is $6.86. The stock has a market cap of $398.29 million and a price-to-earnings ratio of 11.10.
Aegean Marine Petroleum Network (NYSE:ANW) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. The company earned $987.60 million during the quarter, compared to the consensus estimate of $870.85 million. The business’s revenue was down 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Equities research analysts expect that Aegean Marine Petroleum Network Inc. will post $0.97 EPS for the current year.
An institutional investor recently raised its position in Aegean Marine Petroleum Network stock. Systematic Financial Management LP increased its position in 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 fund owned 154,310 shares of the company’s stock after buying an additional 9,530 shares during the period. Systematic Financial Management LP owned about 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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