Aegean Marine Petroleum Network Inc. (ANW) Sees Large Volume Increase
Aegean Marine Petroleum Network Inc. (NYSE:ANW) shares saw unusually-strong trading volume on Friday . Approximately 513,636 shares traded hands during trading, an increase of 31% from the previous session’s volume of 392,598 shares.The stock last traded at $10.51 and had previously closed at $10.28.
A number of equities analysts recently commented on ANW shares. Zacks Investment Research upgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “strong-buy” rating and set a $10.00 target price for the company in a research note on Monday. Jefferies Group set a $14.00 target price on shares of Aegean Marine Petroleum Network and gave the stock a “buy” rating in a research note on Wednesday, August 10th.
The stock’s 50-day moving average is $6.71 and its 200-day moving average is $6.94. The company has a market capitalization of $542.94 million and a P/E ratio of 12.75.
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, beating the Zacks’ consensus estimate of $0.23 by $0.09. The company earned $987.60 million during the quarter, compared to analyst estimates of $870.85 million. The firm’s revenue for the quarter was down 18.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 EPS. Analysts forecast that Aegean Marine Petroleum Network Inc. will post $1.24 EPS for the current fiscal year.
The business also recently declared 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 is Monday, August 22nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.75%.
A hedge fund recently raised its stake in Aegean Marine Petroleum Network stock. Systematic Financial Management LP increased its position 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 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 0.31% of Aegean Marine Petroleum Network worth $1,290,000 as of its most recent filing with the SEC.
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.