Wall Street analysts expect Aegean Marine Petroleum Network Inc. (NYSE:ANW) to announce $0.06 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 $0.21 during the same quarter last year, which indicates a negative year over year growth rate of 71.4%. The firm is expected to issue its next earnings results on Thursday, September 27th.

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 financial year, analysts anticipate that the company will post earnings of $1.26 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Aegean Marine Petroleum Network.

A number of analysts have weighed in on the company. ValuEngine cut Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $7.00 price objective on shares of Aegean Marine Petroleum Network in a research report on Monday, June 25th. Finally, Zacks Investment Research raised Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research report on Wednesday, June 6th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $5.00.

Aegean Marine Petroleum Network stock opened at $1.48 on Friday. Aegean Marine Petroleum Network has a twelve month low of $0.60 and a twelve month high of $5.15.

Several hedge funds have recently modified their holdings of the company. Capstone Financial Advisors Inc. raised its stake in shares of Aegean Marine Petroleum Network by 75.0% during the 1st quarter. Capstone Financial Advisors Inc. now owns 70,000 shares of the oil and gas company’s stock worth $158,000 after buying an additional 30,000 shares in the last quarter. Northern Trust Corp raised its stake in shares of Aegean Marine Petroleum Network by 67.9% during the 1st quarter. Northern Trust Corp now owns 115,546 shares of the oil and gas company’s stock worth $260,000 after buying an additional 46,712 shares in the last quarter. Mutual Advisors LLC purchased a new position in shares of Aegean Marine Petroleum Network during the 1st quarter worth approximately $233,000. A.R.T. Advisors LLC raised its stake in shares of Aegean Marine Petroleum Network by 520.3% during the 1st quarter. A.R.T. Advisors LLC now owns 124,257 shares of the oil and gas company’s stock worth $279,000 after buying an additional 104,224 shares in the last quarter. Finally, Global X Management Co LLC raised its stake in shares of Aegean Marine Petroleum Network by 27.7% during the 2nd quarter. Global X Management Co LLC now owns 960,628 shares of the oil and gas company’s stock worth $636,000 after buying an additional 208,410 shares in the last quarter. 33.84% of the stock is owned by institutional investors and hedge funds.

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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