Equities analysts expect that Aegean Marine Petroleum Network Inc. (NYSE:ANW) will announce $0.36 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Aegean Marine Petroleum Network’s earnings, with estimates ranging from $0.32 to $0.41. Aegean Marine Petroleum Network posted earnings of $0.24 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, May 23rd.
According to Zacks, analysts expect that Aegean Marine Petroleum Network will report full-year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.46 to $1.80. For the next year, analysts expect that the company will report earnings of $1.87 per share, with EPS estimates ranging from $1.72 to $2.10. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Aegean Marine Petroleum Network.
Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings data on Wednesday, March 1st. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Aegean Marine Petroleum Network had a net margin of 1.20% and a return on equity of 9.48%. The company’s revenue was up 29.0% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share.
ANW has been the topic of a number of recent research reports. Stifel Nicolaus restated a “buy” rating and issued a $18.00 target price (up from $17.00) on shares of Aegean Marine Petroleum Network in a report on Saturday, March 11th. Clarkson Capital upgraded shares of Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating in a report on Friday, March 3rd. Finally, Zacks Investment Research upgraded shares of Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a report on Tuesday, February 14th. Five research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $14.67.
Aegean Marine Petroleum Network (NYSE:ANW) traded up 1.965% during trading on Tuesday, reaching $11.675. 302,282 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $11.58 and its 200-day moving average price is $10.56. Aegean Marine Petroleum Network has a one year low of $5.00 and a one year high of $13.10. The stock has a market cap of $439.12 million, a P/E ratio of 10.241 and a beta of 2.86.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 15th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Monday, March 13th. Aegean Marine Petroleum Network’s dividend payout ratio is currently 8.60%.
Several hedge funds and other institutional investors have recently bought and sold shares of ANW. Sanders Morris Harris Inc. bought a new position in Aegean Marine Petroleum Network during the first quarter worth approximately $2,265,000. Foundry Partners LLC increased its position in Aegean Marine Petroleum Network by 4.8% in the first quarter. Foundry Partners LLC now owns 617,190 shares of the oil and gas company’s stock worth $7,437,000 after buying an additional 28,128 shares in the last quarter. WFG Advisors LP increased its position in Aegean Marine Petroleum Network by 28,086,300.0% in the fourth quarter. WFG Advisors LP now owns 280,864 shares of the oil and gas company’s stock worth $2,199,000 after buying an additional 280,863 shares in the last quarter. Boothbay Fund Management LLC increased its position in Aegean Marine Petroleum Network by 5.6% in the fourth quarter. Boothbay Fund Management LLC now owns 13,937 shares of the oil and gas company’s stock worth $141,000 after buying an additional 736 shares in the last quarter. Finally, Raging Capital Management LLC increased its position in Aegean Marine Petroleum Network by 36.9% in the fourth quarter. Raging Capital Management LLC now owns 656,191 shares of the oil and gas company’s stock worth $6,660,000 after buying an additional 176,844 shares in the last quarter. 70.50% of the stock is 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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