Aegean Marine Petroleum Network Inc. Expected to Earn FY2017 Earnings of $0.04 Per Share (ANW)

Aegean Marine Petroleum Network Inc. (NYSE:ANW) – Jefferies Group issued their FY2017 EPS estimates for Aegean Marine Petroleum Network in a report issued on Monday. Jefferies Group analyst R. Giveans expects that the oil and gas company will post earnings of $0.04 per share for the year. Jefferies Group currently has a “Buy” rating and a $7.00 price target on the stock. Jefferies Group also issued estimates for Aegean Marine Petroleum Network’s Q4 2017 earnings at $0.07 EPS and FY2018 earnings at $0.75 EPS.

Aegean Marine Petroleum Network (NYSE:ANW) last released its quarterly earnings results on Wednesday, November 15th. The oil and gas company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.20). Aegean Marine Petroleum Network had a net margin of 0.28% and a return on equity of 4.26%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company earned $0.36 EPS. Aegean Marine Petroleum Network’s revenue for the quarter was up 17.9% compared to the same quarter last year.

Several other research firms have also commented on ANW. Zacks Investment Research raised shares of Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine raised shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. 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. The stock currently has a consensus rating of “Buy” and a consensus target price of $7.00.

Shares of Aegean Marine Petroleum Network (ANW) opened at $4.00 on Wednesday. Aegean Marine Petroleum Network has a 52-week low of $3.20 and a 52-week high of $13.00. The company has a market cap of $162.56, a PE ratio of 6.89 and a beta of 2.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.19 and a current ratio of 1.56.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Tuesday, November 28th. Aegean Marine Petroleum Network’s dividend payout ratio is 20.51%.

Institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. purchased a new stake in Aegean Marine Petroleum Network in the 3rd quarter worth approximately $109,000. Dynamic Technology Lab Private Ltd purchased a new stake in Aegean Marine Petroleum Network in the 3rd quarter worth approximately $115,000. Verition Fund Management LLC purchased a new stake in Aegean Marine Petroleum Network in the 2nd quarter worth approximately $163,000. Virtu KCG Holdings LLC increased its holdings in Aegean Marine Petroleum Network by 107.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 30,364 shares of the oil and gas company’s stock worth $178,000 after acquiring an additional 15,746 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Aegean Marine Petroleum Network by 107.8% in the 2nd quarter. Northern Trust Corp now owns 31,785 shares of the oil and gas company’s stock worth $187,000 after acquiring an additional 16,489 shares in the last quarter. 62.31% 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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