Wall Street brokerages predict that Aegean Marine Petroleum Network Inc. (NYSE:ANW) will announce sales of $1.27 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided 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 reported sales of $987.56 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 28.6%. The company is scheduled to announce its next quarterly earnings report 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 fiscal year, with estimates ranging from $5.19 billion to $5.82 billion. For the next financial year, analysts expect that the company will post sales of $6.17 billion per share, with estimates ranging from $4.87 billion to $7.46 billion. Zacks’ sales averages 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 issued its earnings results on Tuesday, May 23rd. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.33. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.16 billion. Aegean Marine Petroleum Network had a return on equity of 9.20% and a net margin of 0.86%. The company’s revenue for the quarter was up 102.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 earnings per share.

Several equities research analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $9.00 target price on shares of Aegean Marine Petroleum Network in a report on Friday, July 21st. ValuEngine cut Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Clarkson Capital cut Aegean Marine Petroleum Network from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $16.00 to $8.00 in a report on Wednesday, May 24th. TheStreet cut Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a report on Thursday, May 25th. Finally, Zacks Investment Research cut Aegean Marine Petroleum Network from a “hold” rating to a “strong sell” rating in a report on Friday, May 26th. One investment 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’s stock. The company presently has an average rating of “Hold” and an average price target of $10.75.

Shares of Aegean Marine Petroleum Network (NYSE:ANW) traded up 1.96% during midday trading on Thursday, reaching $5.20. The company’s stock had a trading volume of 442,385 shares. Aegean Marine Petroleum Network has a 12-month low of $4.60 and a 12-month high of $13.10. The company has a market capitalization of $205.11 million, a P/E ratio of 5.61 and a beta of 2.29. The company’s 50-day moving average price is $5.52 and its 200 day moving average price is $9.26.

A number of large investors have recently added to or reduced their stakes in ANW. Karp Capital Management Corp acquired a new stake in Aegean Marine Petroleum Network during the first quarter valued at $152,000. Brandes Investment Partners LP boosted its stake in Aegean Marine Petroleum Network by 11.8% in the first quarter. Brandes Investment Partners LP now owns 13,339 shares of the oil and gas company’s stock valued at $161,000 after buying an additional 1,407 shares during the period. ClariVest Asset Management LLC boosted its stake in Aegean Marine Petroleum Network by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 16,454 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 840 shares during the period. Koch Industries Inc. acquired a new stake in Aegean Marine Petroleum Network during the first quarter valued at $267,000. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in Aegean Marine Petroleum Network during the first quarter valued at $418,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

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Aegean Marine Petroleum Network Company Profile

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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