Aegean Marine Petroleum Network Inc. (ANW) Sets New 12-Month High at $9.99
Shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) 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 analysts have recently commented on the stock. Zacks Investment Research lowered shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research report on Friday, May 27th. Jefferies Group reissued a “buy” rating and issued a $14.00 price objective (down previously from $15.00) on shares of Aegean Marine Petroleum Network in a research report on Thursday, May 26th.
The stock has a market cap of $521.14 million and a PE ratio of 12.24. The stock has a 50 day moving average of $6.71 and a 200-day moving average of $6.94.
Aegean Marine Petroleum Network (NYSE:ANW) last released its earnings results on Wednesday, August 10th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. During the same period in the prior year, the company posted $0.15 EPS. The firm 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 research analysts anticipate that Aegean Marine Petroleum Network Inc. will post $1.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders 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 yield of 0.78%. The ex-dividend date is Monday, August 22nd.
A hedge fund recently raised its stake in Aegean Marine Petroleum Network stock. Systematic Financial Management LP boosted 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 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 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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