Equities research analysts expect Aegean Marine Petroleum Network Inc. (NYSE:ANW) to post earnings of $0.11 per share for the current quarter, according to Zacks. Two analysts have made estimates for Aegean Marine Petroleum Network’s earnings, with estimates ranging from $0.02 to $0.20. Aegean Marine Petroleum Network posted earnings of $0.32 per share in the same quarter last year, which would indicate a negative year over year growth rate of 65.6%. The business is expected to report its next earnings report on Wednesday, August 9th.

According to Zacks, analysts expect that Aegean Marine Petroleum Network will report full year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.40 to $0.81. For the next year, analysts expect that the firm will report earnings of $1.21 per share, with EPS estimates ranging from $1.07 to $1.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Aegean Marine Petroleum Network.

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

ANW has been the topic of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $9.00 price target on shares of Aegean Marine Petroleum Network in a report on Friday. Zacks Investment Research downgraded Aegean Marine Petroleum Network from a “hold” rating to a “strong sell” rating in a report on Friday, May 26th. ValuEngine downgraded Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Clarkson Capital downgraded Aegean Marine Petroleum Network from a “buy” rating to a “neutral” rating and cut their price target for the company from $16.00 to $8.00 in a report on Wednesday, May 24th. Finally, TheStreet downgraded Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Aegean Marine Petroleum Network has a consensus rating of “Hold” and an average price target of $10.75.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Schneider Capital Management Corp boosted its stake in 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 during the last quarter. FMR LLC boosted its stake in 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 during the last quarter. Raging Capital Management LLC boosted its stake in 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 during the last quarter. Renaissance Technologies LLC boosted its stake in 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 during the last quarter. Finally, Systematic Financial Management LP boosted its stake in 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 during the last quarter. Institutional investors and hedge funds own 80.41% of the company’s stock.

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Aegean Marine Petroleum Network (NYSE:ANW) traded down 0.485% during midday trading on Tuesday, hitting $5.125. The company had a trading volume of 201,388 shares. The company has a market capitalization of $202.15 million, a P/E ratio of 5.529 and a beta of 2.28. The stock has a 50 day moving average price of $5.57 and a 200 day moving average price of $9.33. Aegean Marine Petroleum Network has a 52 week low of $4.60 and a 52 week high of $13.10.

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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