According to Zacks, “AEGEAN MARINE PETROLEUM is a marine fuel logistics company that physically supplies and markets refined marine fuel and lubricants to ships in port and at sea. They intends to focus on growing its fleet of double hull bunkering tankers and expanding its service centers in strategic locations worldwide to further enhance the Companys extensive customer relationships and leading industry position. “
Separately, Jefferies Group reiterated a “buy” rating on shares of Aegean Marine Petroleum Network in a report on Monday, August 1st.
The company’s stock had a trading volume of 148,598 shares. The firm’s 50-day moving average price is $9.92 and its 200-day moving average price is $7.78. The company has a market capitalization of $485.15 million, a price-to-earnings ratio of 11.39 and a beta of 2.60. Aegean Marine Petroleum Network has a one year low of $5.00 and a one year high of $11.41.
Aegean Marine Petroleum Network (NYSE:ANW) last released its earnings results on Wednesday, August 10th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.09. Aegean Marine Petroleum Network had a net margin of 1.11\% and a return on equity of 8.36\%. The firm earned $987.60 million during the quarter, compared to analyst estimates of $870.85 million. During the same period last year, the business earned $0.15 earnings per share. The business’s revenue was down 18.2\% on a year-over-year basis. On average, equities analysts anticipate that Aegean Marine Petroleum Network will post $1.24 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. BB&T Securities LLC raised its position in shares of Aegean Marine Petroleum Network by 186.9\% in the second quarter. BB&T Securities LLC now owns 155,523 shares of the company’s stock worth $855,000 after buying an additional 101,320 shares during the last quarter. BlackRock Institutional Trust Company N.A. purchased a new position in shares of Aegean Marine Petroleum Network during the first quarter worth $160,000. Systematic Financial Management LP raised its position in shares of Aegean Marine Petroleum Network by 72.1\% in the second quarter. Systematic Financial Management LP now owns 266,345 shares of the company’s stock worth $1,464,000 after buying an additional 111,560 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Aegean Marine Petroleum Network during the second quarter worth $144,000. Finally, GSA Capital Partners LLP raised its position in shares of Aegean Marine Petroleum Network by 6.1\% in the second quarter. GSA Capital Partners LLP now owns 342,402 shares of the company’s stock worth $1,883,000 after buying an additional 19,565 shares during the last quarter. Institutional investors own 69.07\% of the company’s stock.
Source: BBNS
