Somewhat Favorable News Coverage Somewhat Unlikely to Affect Aegean Marine Petroleum Network (ANW) Share Price
News articles about Aegean Marine Petroleum Network (NYSE:ANW) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Aegean Marine Petroleum Network earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 46.5014191973039 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Aegean Marine Petroleum Network Inc. (ANW) Expected to Post Earnings of $0.10 Per Share (americanbankingnews.com)
- Is Momentum Mounting for Aegean Marine Petroleum Network Inc (ANW) – Bulletin News (orobulletin.com)
- Aegean Marine Petroleum Inc. and Freepoint Commodities LLC Announce New Cooperation Agreement and Launch … – Marketwired (press release) (marketwired.com)
- Brazilian Bunker Suspension Boosts Demand at Aegean’s Physical Supply Station in South Africa (shipandbunker.com)
- Aegean Marine Petroleum Inc. and Freepoint Commodities LLC Announce New Cooperation Agreement and Launch of St. Croix Bunker Business in the U.S. Virgin Islands (finance.yahoo.com)
Several research analysts recently commented on the stock. Stifel Nicolaus lowered shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $18.00 to $9.00 in a research note on Wednesday, May 24th. TheStreet lowered shares of Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a research note on Thursday, May 25th. Clarkson Capital lowered shares of Aegean Marine Petroleum Network from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $16.00 to $8.00 in a research note on Wednesday, May 24th. Zacks Investment Research upgraded shares of Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $8.00 price objective on shares of Aegean Marine Petroleum Network in a research note on Friday, August 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Aegean Marine Petroleum Network currently has an average rating of “Buy” and a consensus target price of $8.75.
Aegean Marine Petroleum Network (NYSE:ANW) opened at 5.05 on Friday. The firm’s 50-day moving average is $4.99 and its 200-day moving average is $8.17. Aegean Marine Petroleum Network has a 52 week low of $4.20 and a 52 week high of $13.10. The firm has a market cap of $205.20 million, a price-to-earnings ratio of 7.32 and a beta of 2.25.
Aegean Marine Petroleum Network (NYSE:ANW) last released its quarterly earnings data on Thursday, August 10th. The oil and gas company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. Aegean Marine Petroleum Network had a net margin of 0.56% and a return on equity of 7.97%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company earned $0.32 earnings per share. The firm’s revenue for the quarter was up 45.9% on a year-over-year basis. On average, equities analysts anticipate that Aegean Marine Petroleum Network will post $0.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.02 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.08 dividend on an annualized basis and a yield of 1.58%. Aegean Marine Petroleum Network’s payout ratio is currently 11.43%.
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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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