Brokerages predict that Aegean Marine Petroleum Network Inc. (NYSE:ANW) will report $0.24 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Aegean Marine Petroleum Network’s earnings. Aegean Marine Petroleum Network posted earnings per share of ($0.10) in the same quarter last year, which would suggest a positive year over year growth rate of 340%. The business is expected to announce its next earnings report on Wednesday, November 21st.
On average, analysts expect that Aegean Marine Petroleum Network will report full-year earnings of $0.55 per share for the current year. For the next fiscal year, analysts anticipate that the company will post earnings of $1.26 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Aegean Marine Petroleum Network.
A number of equities research analysts recently commented on ANW shares. ValuEngine raised Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Jefferies Financial Group reissued a “buy” rating and set a $7.00 price objective on shares of Aegean Marine Petroleum Network in a research note on Monday, June 25th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Aegean Marine Petroleum Network currently has an average rating of “Hold” and an average price target of $5.00.
Shares of NYSE:ANW traded down $0.09 during mid-day trading on Monday, reaching $1.21. The stock had a trading volume of 777,824 shares, compared to its average volume of 1,277,937. The company has a market capitalization of $58.12 million, a P/E ratio of -2.28 and a beta of 3.05. Aegean Marine Petroleum Network has a 1 year low of $0.60 and a 1 year high of $5.10.
A number of hedge funds and other institutional investors have recently modified their holdings of ANW. Shah Capital Management increased its stake in Aegean Marine Petroleum Network by 278.0% during the second quarter. Shah Capital Management now owns 5,658,138 shares of the oil and gas company’s stock worth $3,748,000 after acquiring an additional 4,161,337 shares during the last quarter. Global X Management Co LLC grew its stake in shares of Aegean Marine Petroleum Network by 27.7% during the second quarter. Global X Management Co LLC now owns 960,628 shares of the oil and gas company’s stock valued at $636,000 after buying an additional 208,410 shares during the last quarter. A.R.T. Advisors LLC grew its stake in shares of Aegean Marine Petroleum Network by 520.3% during the first quarter. A.R.T. Advisors LLC now owns 124,257 shares of the oil and gas company’s stock valued at $279,000 after buying an additional 104,224 shares during the last quarter. Northern Trust Corp grew its stake in shares of Aegean Marine Petroleum Network by 67.9% during the first quarter. Northern Trust Corp now owns 115,546 shares of the oil and gas company’s stock valued at $260,000 after buying an additional 46,712 shares during the last quarter. Finally, Capstone Financial Advisors Inc. grew its stake in shares of Aegean Marine Petroleum Network by 75.0% during the first quarter. Capstone Financial Advisors Inc. now owns 70,000 shares of the oil and gas company’s stock valued at $158,000 after buying an additional 30,000 shares during the last quarter. 33.84% of the stock is currently owned by institutional investors.
About Aegean Marine Petroleum Network
Aegean Marine Petroleum Network Inc, together with its subsidiaries, operates as a marine fuel logistics company that markets and supplies refined marine fuel and lubricants to vessels in port, at sea, and on rivers worldwide. The company offers fueling services to ocean-going and a range of coastal vessels, including oil tankers, container ships, drybulk carriers, cruise ships, reefers, LNG/LPG carriers, car carriers, and ferries, as well as to marine fuel traders, brokers, and other end-users of marine fuel and lubricants.
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