Equities analysts expect Aegean Marine Petroleum Network Inc. (NYSE:ANW) to report sales of $1.42 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Aegean Marine Petroleum Network’s earnings, with the highest sales estimate coming in at $1.52 billion and the lowest estimate coming in at $1.32 billion. Aegean Marine Petroleum Network reported sales of $1.20 billion in the same quarter last year, which would suggest a positive year over year growth rate of 18.3%. The company is expected to report its next earnings report on Wednesday, March 7th.

On average, analysts expect that Aegean Marine Petroleum Network will report full-year sales of $1.42 billion for the current year, with estimates ranging from $5.67 billion to $5.83 billion. For the next fiscal year, analysts expect that the firm will report sales of $6.17 billion per share, with estimates ranging from $5.14 billion to $7.20 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Aegean Marine Petroleum Network.

Aegean Marine Petroleum Network (NYSE:ANW) last released its earnings results 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). Aegean Marine Petroleum Network had a net margin of 0.28% and a return on equity of 4.26%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the business earned $0.36 EPS. The business’s revenue was up 17.9% compared to the same quarter last year.

ANW has been the subject of several recent analyst reports. Clarkson Capital raised Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Friday, August 11th. Jefferies Group reissued a “buy” rating and set a $8.00 target price on shares of Aegean Marine Petroleum Network in a research note on Friday, August 11th. Zacks Investment Research raised Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. ValuEngine cut Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Aegean Marine Petroleum Network in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $7.00.

Shares of Aegean Marine Petroleum Network (ANW) traded down $0.25 during trading on Wednesday, reaching $4.00. The company had a trading volume of 169,200 shares, compared to its average volume of 636,585. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.19 and a current ratio of 1.56. The stock has a market capitalization of $172.72, a P/E ratio of 6.97 and a beta of 2.08. Aegean Marine Petroleum Network has a 52-week low of $3.20 and a 52-week high of $13.10.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Tuesday, November 28th. Aegean Marine Petroleum Network’s dividend payout ratio (DPR) is 21.05%.

Hedge funds have recently modified their holdings of the stock. BB&T Securities LLC increased its position in Aegean Marine Petroleum Network by 76.8% in the 2nd quarter. BB&T Securities LLC now owns 189,907 shares of the oil and gas company’s stock valued at $1,110,000 after acquiring an additional 82,500 shares during the period. Schneider Capital Management Corp increased its position in Aegean Marine Petroleum Network by 4.1% in the 2nd quarter. Schneider Capital Management Corp now owns 1,959,528 shares of the oil and gas company’s stock valued at $11,463,000 after acquiring an additional 77,800 shares during the period. Wells Fargo & Company MN increased its position in Aegean Marine Petroleum Network by 47.8% in the 2nd quarter. Wells Fargo & Company MN now owns 113,712 shares of the oil and gas company’s stock valued at $665,000 after acquiring an additional 36,762 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Aegean Marine Petroleum Network by 24.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 644,233 shares of the oil and gas company’s stock valued at $3,769,000 after acquiring an additional 127,852 shares during the period. Finally, LSV Asset Management increased its position in Aegean Marine Petroleum Network by 15.5% in the 2nd 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 period. Hedge funds and other institutional investors own 62.48% 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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