Wall Street analysts expect Aegean Marine Petroleum Network Inc. (NYSE:ANW) to post earnings of $0.05 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Aegean Marine Petroleum Network’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.14. Aegean Marine Petroleum Network posted earnings of $0.41 per share during the same quarter last year, which suggests a negative year over year growth rate of 87.8%. The firm is scheduled to announce its next earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that Aegean Marine Petroleum Network will report full-year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from ($0.02) to $0.27. For the next fiscal year, analysts expect that the company will post earnings of $0.59 per share, with EPS estimates ranging from $0.14 to $0.89. Zacks’ earnings per share averages 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 posted its quarterly earnings data on Wednesday, November 15th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.20). Aegean Marine Petroleum Network had a return on equity of 4.26% and a net margin of 0.28%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business posted $0.36 earnings per share. The business’s revenue was up 17.9% on a year-over-year basis.
ANW has been the subject of a number of research analyst reports. Clarkson Capital raised Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Friday, August 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $8.00 target price on shares of Aegean Marine Petroleum Network in a research report on Friday, August 11th. Zacks Investment Research raised Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. ValuEngine lowered Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Aegean Marine Petroleum Network in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Aegean Marine Petroleum Network currently has a consensus rating of “Buy” and an average target price of $7.00.
Shares of Aegean Marine Petroleum Network (NYSE ANW) traded up $0.10 during trading on Wednesday, reaching $3.85. The company had a trading volume of 490,652 shares, compared to its average volume of 650,168. Aegean Marine Petroleum Network has a twelve month low of $3.20 and a twelve month high of $13.10. The company has a market cap of $152.40, a price-to-earnings ratio of 6.15 and a beta of 2.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.19.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 29th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.08%. Aegean Marine Petroleum Network’s payout ratio is presently 21.05%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new position in shares of Aegean Marine Petroleum Network in the 3rd quarter worth approximately $109,000. Dynamic Technology Lab Private Ltd purchased a new position in Aegean Marine Petroleum Network in the third quarter valued at approximately $115,000. Verition Fund Management LLC purchased a new position in Aegean Marine Petroleum Network in the second quarter valued at approximately $163,000. Virtu KCG Holdings LLC lifted its stake in Aegean Marine Petroleum Network by 107.7% in the second quarter. Virtu KCG Holdings LLC now owns 30,364 shares of the oil and gas company’s stock valued at $178,000 after purchasing an additional 15,746 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Aegean Marine Petroleum Network by 107.8% in the second quarter. Northern Trust Corp now owns 31,785 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 16,489 shares during the last quarter. Hedge funds and other institutional investors own 68.03% 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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