Aegean Marine Petroleum Network Inc. (NYSE:ANW) – Equities researchers at Jefferies Group issued their FY2017 earnings per share estimates for Aegean Marine Petroleum Network in a note issued to investors on Monday. Jefferies Group analyst R. Giveans expects that the oil and gas company will earn $0.04 per share for the year. Jefferies Group has a “Buy” rating and a $7.00 price objective 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.

ANW has been the topic of several other research reports. Stifel Nicolaus decreased their price objective on Aegean Marine Petroleum Network from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Zacks Investment Research lowered Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, ValuEngine raised Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Aegean Marine Petroleum Network presently has a consensus rating of “Buy” and a consensus target price of $7.00.

Shares of Aegean Marine Petroleum Network (NYSE ANW) traded up $0.05 during trading hours on Wednesday, hitting $4.05. The stock had a trading volume of 465,000 shares, compared to its average volume of 623,783. Aegean Marine Petroleum Network has a one year low of $3.20 and a one year high of $13.00. The firm has a market cap of $162.56, a price-to-earnings ratio of 6.56 and a beta of 2.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.19.

Aegean Marine Petroleum Network (NYSE:ANW) last announced 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 firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business posted $0.36 EPS. Aegean Marine Petroleum Network’s revenue for the quarter was up 17.9% compared to the same quarter last year.

Hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new position in Aegean Marine Petroleum Network in the 3rd quarter valued at $109,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Aegean Marine Petroleum Network during the third quarter worth $115,000. Verition Fund Management LLC bought a new stake in shares of Aegean Marine Petroleum Network during the second quarter worth $163,000. Virtu KCG Holdings LLC raised its position in shares of Aegean Marine Petroleum Network by 107.7% during the second 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 during the last quarter. Finally, Northern Trust Corp raised its position in shares of Aegean Marine Petroleum Network by 107.8% during the second 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 during the last quarter. 62.31% of the stock is currently owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.98%. The ex-dividend date was Tuesday, November 28th. Aegean Marine Petroleum Network’s dividend payout ratio is 21.05%.

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About Aegean Marine Petroleum Network

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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