Aegean Marine Petroleum Network Inc. (ANW) Trading 7.4% Higher
Shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) traded up 7.4% during trading on Thursday . The company traded as high as $10.35 and last traded at $10.22, with a volume of 721,886 shares traded. The stock had previously closed at $9.52.
A number of analysts recently commented on the company. Zacks Investment Research upgraded Aegean Marine Petroleum Network from a “hold” rating to a “strong-buy” rating and set a $10.00 price target on the stock in a report on Monday, August 15th. Jefferies Group set a $14.00 price target on Aegean Marine Petroleum Network and gave the stock a “buy” rating in a report on Wednesday, August 10th.
The stock’s 50 day moving average is $6.85 and its 200 day moving average is $6.97. The stock has a market cap of $542.94 million and a PE ratio of 12.75.
Aegean Marine Petroleum Network (NYSE:ANW) last posted its 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 firm had revenue of $987.60 million for the quarter, compared to analysts’ expectations of $870.85 million. During the same quarter last year, the company posted $0.15 EPS. The firm’s revenue was down 18.2% on a year-over-year basis. Equities research analysts predict that Aegean Marine Petroleum Network Inc. will post $1.24 EPS for the current 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 issued a dividend of $0.02 per share. 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 boosted its position in 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. 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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