Brokerages forecast that Aegean Marine Petroleum Network Inc. (NYSE:ANW) will post $0.24 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Aegean Marine Petroleum Network’s earnings. Aegean Marine Petroleum Network reported earnings of ($0.10) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 340%. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 21st.

On average, analysts expect that Aegean Marine Petroleum Network will report full year earnings of $0.55 per share for the current financial year. For the next year, analysts expect that the company will report earnings of $1.26 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Aegean Marine Petroleum Network.

ANW has been the topic of several analyst reports. ValuEngine raised shares of Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $7.00 target price on shares of Aegean Marine Petroleum Network in a report on Monday, June 25th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.00.

Shares of ANW traded down $0.09 during trading hours on Monday, hitting $1.21. The stock had a trading volume of 777,824 shares, compared to its average volume of 1,277,937. Aegean Marine Petroleum Network has a 52 week low of $0.60 and a 52 week high of $5.10. The firm has a market cap of $58.12 million, a price-to-earnings ratio of -2.28 and a beta of 3.05.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capstone Financial Advisors Inc. lifted its position in Aegean Marine Petroleum Network by 75.0% during the 1st quarter. Capstone Financial Advisors Inc. now owns 70,000 shares of the oil and gas company’s stock worth $158,000 after buying an additional 30,000 shares in the last quarter. Northern Trust Corp lifted its position in Aegean Marine Petroleum Network by 67.9% during the 1st quarter. Northern Trust Corp now owns 115,546 shares of the oil and gas company’s stock worth $260,000 after buying an additional 46,712 shares in the last quarter. A.R.T. Advisors LLC lifted its position in Aegean Marine Petroleum Network by 520.3% during the 1st quarter. A.R.T. Advisors LLC now owns 124,257 shares of the oil and gas company’s stock worth $279,000 after buying an additional 104,224 shares in the last quarter. Global X Management Co LLC lifted its position in Aegean Marine Petroleum Network by 27.7% during the 2nd quarter. Global X Management Co LLC now owns 960,628 shares of the oil and gas company’s stock worth $636,000 after buying an additional 208,410 shares in the last quarter. Finally, Shah Capital Management lifted its position in Aegean Marine Petroleum Network by 278.0% during the 2nd quarter. Shah Capital Management now owns 5,658,138 shares of the oil and gas company’s stock worth $3,748,000 after buying an additional 4,161,337 shares in the last quarter. Institutional investors and hedge funds own 33.84% of the company’s stock.

Aegean Marine Petroleum Network Company Profile

Aegean Marine Petroleum Network Inc, together with its subsidiaries, operates as a marine fuel logistics company that markets and supplies refined marine fuel and lubricants to vessels in port, at sea, and on rivers worldwide. The company offers fueling services to ocean-going and a range of coastal vessels, including oil tankers, container ships, drybulk carriers, cruise ships, reefers, LNG/LPG carriers, car carriers, and ferries, as well as to marine fuel traders, brokers, and other end-users of marine fuel and lubricants.

Read More: Asset Allocation and Your Retirement

Get a free copy of the Zacks research report on Aegean Marine Petroleum Network (ANW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Aegean Marine Petroleum Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegean Marine Petroleum Network and related companies with MarketBeat.com's FREE daily email newsletter.