Analysts forecast that Aegean Marine Petroleum Network Inc. (NYSE:ANW) will post sales of $1.27 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Aegean Marine Petroleum Network’s earnings. The lowest sales estimate is $1.21 billion and the highest is $1.33 billion. Aegean Marine Petroleum Network posted sales of $987.56 million during the same quarter last year, which suggests a positive year-over-year growth rate of 28.6%. The business is scheduled to report its next earnings results on Wednesday, August 9th.

According to Zacks, analysts expect that Aegean Marine Petroleum Network will report full year sales of $1.27 billion for the current year, with estimates ranging from $5.19 billion to $5.82 billion. For the next year, analysts forecast that the firm will report sales of $6.17 billion per share, with estimates ranging from $4.87 billion to $7.46 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Aegean Marine Petroleum Network.

Aegean Marine Petroleum Network (NYSE:ANW) last released its quarterly earnings data on Tuesday, May 23rd. The oil and gas company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.33. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.16 billion. Aegean Marine Petroleum Network had a net margin of 0.86% and a return on equity of 9.20%. The business’s revenue was up 102.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share.

ANW has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Aegean Marine Petroleum Network from a “hold” rating to a “strong sell” rating in a report on Friday, May 26th. ValuEngine cut shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $18.00 price objective (up from $17.00) on shares of Aegean Marine Petroleum Network in a report on Saturday, March 11th. Clarkson Capital upgraded shares of Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating in a report on Friday, March 3rd. Finally, TheStreet cut shares of Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Aegean Marine Petroleum Network has an average rating of “Hold” and an average price target of $10.75.

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Shares of Aegean Marine Petroleum Network (NYSE:ANW) opened at 5.85 on Friday. The company has a market capitalization of $230.75 million, a P/E ratio of 6.31 and a beta of 2.34. The company has a 50 day moving average price of $6.82 and a 200 day moving average price of $9.92. Aegean Marine Petroleum Network has a 12-month low of $4.60 and a 12-month high of $13.10.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 6th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Friday, June 2nd. Aegean Marine Petroleum Network’s dividend payout ratio is currently 8.60%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Schneider Capital Management Corp boosted its position in shares of Aegean Marine Petroleum Network by 1.6% in the first quarter. Schneider Capital Management Corp now owns 1,881,728 shares of the oil and gas company’s stock worth $22,675,000 after buying an additional 30,000 shares in the last quarter. FMR LLC boosted its position in shares of Aegean Marine Petroleum Network by 10.6% in the fourth quarter. FMR LLC now owns 1,805,419 shares of the oil and gas company’s stock worth $18,325,000 after buying an additional 172,858 shares in the last quarter. Raging Capital Management LLC boosted its position in shares of Aegean Marine Petroleum Network by 78.8% in the first quarter. Raging Capital Management LLC now owns 1,173,590 shares of the oil and gas company’s stock worth $14,142,000 after buying an additional 517,399 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Aegean Marine Petroleum Network by 27.5% in the first quarter. Renaissance Technologies LLC now owns 694,100 shares of the oil and gas company’s stock worth $8,364,000 after buying an additional 149,800 shares in the last quarter. Finally, Systematic Financial Management LP boosted its position in shares of Aegean Marine Petroleum Network by 25.0% in the first quarter. Systematic Financial Management LP now owns 673,006 shares of the oil and gas company’s stock worth $8,110,000 after buying an additional 134,638 shares in the last quarter. Hedge funds and other institutional investors own 80.80% of the company’s stock.

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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