Aegean Marine Petroleum Network Inc. (ANW) Stock Price Up 7.4%
Aegean Marine Petroleum Network Inc. (NYSE:ANW) shares rose 7.4% on Thursday . The stock traded as high as $10.35 and last traded at $10.22, with a volume of 721,886 shares trading hands. The stock had previously closed at $9.52.
ANW has been the topic of several analyst reports. Jefferies Group reiterated a “buy” rating on shares of Aegean Marine Petroleum Network in a research note on Monday, August 1st. Zacks Investment Research downgraded Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th.
The firm’s 50 day moving average price is $6.57 and its 200-day moving average price is $6.92. The firm has a market cap of $520.64 million and a PE ratio of 12.23.
Aegean Marine Petroleum Network (NYSE:ANW) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. The company had revenue of $987.60 million for the quarter, compared to analyst estimates of $870.85 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The firm’s revenue for the quarter was down 18.2% compared to the same quarter last year. Analysts anticipate that Aegean Marine Petroleum Network Inc. will post $1.24 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Wednesday, August 24th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Monday, August 22nd.
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 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.