Aegean Marine Petroleum Network Inc. (ANW) Hits New 52-Week High at $9.99
Aegean Marine Petroleum Network Inc. (NYSE:ANW)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $9.99 and last traded at $9.41, with a volume of 692,435 shares traded. The stock had previously closed at $8.81.
A number of equities analysts have commented on ANW shares. Jefferies Group reaffirmed a “buy” rating on shares of Aegean Marine Petroleum Network in a research note on Monday, August 1st. Zacks Investment Research downgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th.
The company has a market capitalization of $477.55 million and a price-to-earnings ratio of 11.21. The firm’s 50 day moving average price is $6.46 and its 200 day moving average price is $6.90.
Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.09. During the same period last year, the company earned $0.15 earnings per share. The company had revenue of $987.60 million for the quarter, compared to analyst estimates of $870.85 million. The business’s revenue for the quarter was down 18.2% compared to the same quarter last year. On average, equities analysts anticipate that Aegean Marine Petroleum Network Inc. will post $1.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Wednesday, August 24th will be paid a $0.02 dividend. The ex-dividend date is Monday, August 22nd. This represents a $0.08 dividend on an annualized basis and a yield of 0.91%.
A hedge fund recently raised its stake 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 13F filing with the 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 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.
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