Brokerages predict that Aegean Marine Petroleum Network Inc. (NYSE:ANW) will report sales of $1.32 billion for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Aegean Marine Petroleum Network’s earnings, with estimates ranging from $1.07 billion to $1.51 billion. Aegean Marine Petroleum Network reported sales of $1.14 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 15.8%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 15th.

On average, analysts expect that Aegean Marine Petroleum Network will report full year sales of $1.32 billion for the current year, with estimates ranging from $5.10 billion to $6.03 billion. For the next year, analysts forecast that the firm will post sales of $5.55 billion per share, with estimates ranging from $4.20 billion to $7.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Aegean Marine Petroleum Network.

Aegean Marine Petroleum Network (NYSE:ANW) last issued its earnings results on Thursday, August 10th. The oil and gas company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.10. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.29 billion. Aegean Marine Petroleum Network had a return on equity of 7.97% and a net margin of 0.56%. The business’s revenue was up 45.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS.

Several analysts recently issued reports on the company. ValuEngine lowered Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Jefferies Group LLC reiterated a “buy” rating and set a $8.00 target price on shares of Aegean Marine Petroleum Network in a report on Friday, August 11th. Clarkson Capital upgraded Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Friday, August 11th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $9.00 target price on shares of Aegean Marine Petroleum Network in a report on Friday, July 21st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Aegean Marine Petroleum Network currently has an average rating of “Buy” and an average price target of $8.75.

Aegean Marine Petroleum Network (NYSE:ANW) opened at 4.35 on Wednesday. The firm has a market cap of $176.75 million, a price-to-earnings ratio of 6.30 and a beta of 2.21. The stock’s 50 day moving average price is $4.78 and its 200-day moving average price is $7.64. Aegean Marine Petroleum Network has a one year low of $4.20 and a one year high of $13.10.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 24th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Tuesday, August 22nd. Aegean Marine Petroleum Network’s payout ratio is 11.43%.

Several institutional investors have recently bought and sold shares of the company. Senvest Management LLC grew its position in shares of Aegean Marine Petroleum Network by 19.5% in the second quarter. Senvest Management LLC now owns 5,284,894 shares of the oil and gas company’s stock valued at $30,917,000 after purchasing an additional 862,860 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Aegean Marine Petroleum Network by 65.7% in the second quarter. Ameriprise Financial Inc. now owns 2,668,192 shares of the oil and gas company’s stock valued at $15,609,000 after purchasing an additional 1,058,187 shares during the last quarter. Schneider Capital Management Corp grew its position in shares of Aegean Marine Petroleum Network by 4.1% in the second quarter. Schneider Capital Management Corp now owns 1,959,528 shares of the oil and gas company’s stock valued at $11,463,000 after purchasing an additional 77,800 shares during the last quarter. Raging Capital Management LLC grew its position in shares of Aegean Marine Petroleum Network by 78.8% in the first quarter. Raging Capital Management LLC now owns 1,173,590 shares of the oil and gas company’s stock valued at $14,142,000 after purchasing an additional 517,399 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Aegean Marine Petroleum Network by 77.8% in the second quarter. Franklin Resources Inc. now owns 930,000 shares of the oil and gas company’s stock valued at $5,441,000 after purchasing an additional 407,000 shares during the last quarter. 70.57% of the stock is currently owned by institutional investors.

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Aegean Marine Petroleum Network Company Profile

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 these fuels from its bunkering vessels to a range of end users.

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