Aegean Marine Petroleum Network Inc. (ANW) to Post FY2017 Earnings of $0.04 Per Share, Jefferies Group Forecasts

Aegean Marine Petroleum Network Inc. (NYSE:ANW) – Equities research analysts at Jefferies Group issued their FY2017 earnings per share estimates for shares of Aegean Marine Petroleum Network in a research report issued on Monday, Zacks Investment Research reports. Jefferies Group analyst R. Giveans anticipates that the oil and gas company will post earnings per share of $0.04 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.

Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings data on Wednesday, November 15th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.20). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. Aegean Marine Petroleum Network had a return on equity of 4.26% and a net margin of 0.28%. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS.

Other equities analysts have also issued reports about the stock. ValuEngine lowered shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Zacks Investment Research lowered shares of Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Finally, Stifel Nicolaus cut their price target on shares of Aegean Marine Petroleum Network from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $7.00.

Shares of Aegean Marine Petroleum Network (NYSE ANW) traded up $0.10 during trading on Wednesday, hitting $4.65. 317,522 shares of the company’s stock traded hands, compared to its average volume of 252,053. 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 $184.91, a PE ratio of 11.92 and a beta of 2.09. The company has a quick ratio of 1.19, a current ratio of 1.56 and a debt-to-equity ratio of 0.71.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th were issued a $0.02 dividend. The ex-dividend date was Tuesday, November 28th. This represents a $0.08 annualized dividend and a yield of 1.72%. Aegean Marine Petroleum Network’s dividend payout ratio is currently 20.51%.

In related news, major shareholder August Roth purchased 50,000 shares of the stock in a transaction on Thursday, January 4th. The shares were purchased at an average cost of $4.58 per share, with a total value of $229,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Several large investors have recently made changes to their positions in ANW. Senvest Management LLC boosted its position in shares of Aegean Marine Petroleum Network by 3.0% during the 3rd quarter. Senvest Management LLC now owns 5,445,894 shares of the oil and gas company’s stock worth $26,957,000 after acquiring an additional 161,000 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Aegean Marine Petroleum Network by 7.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,876,743 shares of the oil and gas company’s stock worth $14,239,000 after acquiring an additional 208,551 shares in the last quarter. Schneider Capital Management Corp boosted its position in shares of Aegean Marine Petroleum Network by 4.1% during the 2nd quarter. Schneider Capital Management Corp now owns 1,959,528 shares of the oil and gas company’s stock worth $11,463,000 after acquiring an additional 77,800 shares in the last quarter. Franklin Resources Inc. boosted its position in Aegean Marine Petroleum Network by 77.8% in the second quarter. Franklin Resources Inc. now owns 930,000 shares of the oil and gas company’s stock valued at $5,441,000 after buying an additional 407,000 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of Aegean Marine Petroleum Network by 15.5% during the second quarter. LSV Asset Management now owns 687,749 shares of the oil and gas company’s stock valued at $4,023,000 after acquiring an additional 92,155 shares during the last quarter. Hedge funds and other institutional investors own 62.31% of the company’s stock.

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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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