Aegean Marine Petroleum Network Inc. (ANW) Shares Down 2.2%
Aegean Marine Petroleum Network Inc. (NYSE:ANW) shares were down 2.2% during mid-day trading on Tuesday . The stock traded as low as $8.42 and last traded at $8.69, with a volume of 227,605 shares trading hands. The stock had previously closed at $8.89.
Several research analysts have issued reports on ANW shares. Jefferies Group set a $14.00 target price on Aegean Marine Petroleum Network and gave the company a “buy” rating in a research report on Wednesday, August 10th. Zacks Investment Research upgraded Aegean Marine Petroleum Network from a “sell” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Wednesday, May 18th.
The firm’s 50 day moving average is $6.36 and its 200-day moving average is $6.89. The company has a market capitalization of $441.31 million and a PE ratio of 10.44.
Aegean Marine Petroleum Network (NYSE:ANW) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.09. The business earned $987.60 million during the quarter, compared to analyst estimates of $870.85 million. During the same quarter in the previous year, the company posted $0.15 EPS. The firm’s revenue was down 18.2% on a year-over-year basis. On average, analysts expect that Aegean Marine Petroleum Network Inc. will post $1.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 24th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Monday, August 22nd. This represents a $0.08 dividend on an annualized basis and a yield of 0.91%.
An institutional investor recently raised its position in Aegean Marine Petroleum Network stock. Systematic Financial Management LP raised its position 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. 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 approximately 0.31% of Aegean Marine Petroleum Network worth $1,290,000 at the end of the most recent quarter.
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.