Aegean Marine Petroleum Network Inc. (NYSE:ANW) has earned an average rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $8.50.
A number of equities analysts recently issued reports on the stock. ValuEngine upgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Stifel Nicolaus upgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research report on Friday, June 2nd. They noted that the move was a valuation call. TheStreet lowered shares of Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a research report on Thursday, May 25th. Zacks Investment Research lowered shares of Aegean Marine Petroleum Network from a “hold” rating to a “strong sell” rating in a research report on Friday, May 26th. Finally, Clarkson Capital downgraded shares of Aegean Marine Petroleum Network from a “buy” rating to a “neutral” rating and cut their price target for the company from $16.00 to $8.00 in a report on Wednesday, May 24th.
A number of hedge funds have recently bought and sold shares of ANW. Karp Capital Management Corp purchased a new stake in Aegean Marine Petroleum Network during the first quarter worth approximately $152,000. Brandes Investment Partners LP raised its stake in Aegean Marine Petroleum Network by 11.8% in the first quarter. Brandes Investment Partners LP now owns 13,339 shares of the oil and gas company’s stock worth $161,000 after buying an additional 1,407 shares in the last quarter. Bayesian Capital Management LP raised its stake in Aegean Marine Petroleum Network by 22.9% in the fourth quarter. Bayesian Capital Management LP now owns 13,400 shares of the oil and gas company’s stock worth $136,000 after buying an additional 2,500 shares in the last quarter. Boothbay Fund Management LLC raised its stake 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, ClariVest Asset Management LLC raised its stake in Aegean Marine Petroleum Network by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 16,454 shares of the oil and gas company’s stock worth $198,000 after buying an additional 840 shares in the last quarter. 80.80% of the stock is owned by institutional investors.
Aegean Marine Petroleum Network (ANW) opened at 5.35 on Friday. The firm has a 50-day moving average of $7.79 and a 200 day moving average of $10.22. The stock has a market capitalization of $211.03 million, a price-to-earnings ratio of 5.77 and a beta of 2.34. Aegean Marine Petroleum Network has a 12-month low of $4.60 and a 12-month high of $13.10.
Aegean Marine Petroleum Network (NYSE:ANW) last released its quarterly earnings results on Tuesday, May 23rd. The oil and gas company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.36 by $0.33. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.16 billion. Aegean Marine Petroleum Network had a return on equity of 9.20% and a net margin of 0.86%. The firm’s revenue was up 102.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS. On average, analysts predict that Aegean Marine Petroleum Network will post $0.60 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Friday, June 2nd. Aegean Marine Petroleum Network’s dividend payout ratio is presently 8.60%.
Source: Zacks