Shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) have received a consensus recommendation of “Hold” from the six research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $5.33.
Several research analysts have recently commented on the company. TheStreet downgraded Aegean Marine Petroleum Network from a “c-” rating to a “d” rating in a research note on Thursday. Zacks Investment Research raised Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine downgraded Aegean Marine Petroleum Network from a “sell” rating to a “strong sell” rating in a research note on Friday. Jefferies Group assumed coverage on Aegean Marine Petroleum Network in a research note on Monday, December 18th. They issued a “buy” rating and a $7.00 price objective on the stock. Finally, Stifel Nicolaus downgraded Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating and set a $3.00 price objective on the stock. in a research note on Friday, February 23rd.
Aegean Marine Petroleum Network (NYSE ANW) remained flat at $$2.45 during midday trading on Wednesday. The stock had a trading volume of 336,007 shares, compared to its average volume of 702,032. The company has a quick ratio of 1.19, a current ratio of 1.56 and a debt-to-equity ratio of 0.71. Aegean Marine Petroleum Network has a 12 month low of $2.15 and a 12 month high of $13.00. The stock has a market cap of $99.57, a P/E ratio of 6.28 and a beta of 2.34.
Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings data on Wednesday, March 7th. The oil and gas company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.42). Aegean Marine Petroleum Network had a negative return on equity of 1.72% and a negative net margin of 0.52%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.42 billion. equities analysts predict that Aegean Marine Petroleum Network will post 0.62 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 21st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, March 20th. Aegean Marine Petroleum Network’s dividend payout ratio is currently 20.51%.
In other Aegean Marine Petroleum Network news, major shareholder & Co Towle bought 49,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was purchased at an average price of $4.66 per share, for a total transaction of $228,340.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Justin Moore bought 84,411 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average price of $4.68 per share, with a total value of $395,043.48. The disclosure for this purchase can be found here. Insiders have purchased 251,631 shares of company stock valued at $1,173,028 in the last quarter.
Several large investors have recently added to or reduced their stakes in ANW. Macquarie Group Ltd. purchased a new stake in shares of Aegean Marine Petroleum Network during the third quarter worth about $109,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Aegean Marine Petroleum Network during the third quarter worth about $115,000. Northern Trust Corp grew its position in shares of Aegean Marine Petroleum Network by 107.8% during the second quarter. Northern Trust Corp now owns 31,785 shares of the oil and gas company’s stock worth $187,000 after purchasing an additional 16,489 shares in the last quarter. State Street Corp grew its holdings in Aegean Marine Petroleum Network by 9.1% during the 2nd quarter. State Street Corp now owns 39,837 shares of the oil and gas company’s stock valued at $233,000 after buying an additional 3,324 shares in the last quarter. Finally, Highbridge Capital Management LLC grew its holdings in Aegean Marine Petroleum Network by 506.7% during the 3rd quarter. Highbridge Capital Management LLC now owns 75,074 shares of the oil and gas company’s stock valued at $371,000 after buying an additional 62,700 shares in the last quarter. Hedge funds and other institutional investors own 54.76% of the company’s stock.
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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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