Price Don’t Lie: Could Aegean Marine Petroleum Network Inc. Change Direction After Today’s Big Increase?

Price Don't Lie: Could Aegean Marine Petroleum Network Inc. Change Direction After Today's Big Increase?

The stock of Aegean Marine Petroleum Network Inc. (NYSE:ANW) is a huge mover today! About 261,889 shares traded hands or 17.52% up from the average. Aegean Marine Petroleum Network Inc. (NYSE:ANW) has risen 15.44% since April 14, 2016 and is uptrending. It has outperformed by 10.75% the S&P500.
The move comes after 7 months positive chart setup for the $481.35 million company. It was reported on Nov, 16 by Barchart.com. We have $28.11 PT which if reached, will make NYSE:ANW worth $957.89M more.

Analysts await Aegean Marine Petroleum Network Inc. (NYSE:ANW) to report earnings on November, 17. They expect $0.27 EPS, up 8.00% or $0.02 from last year’s $0.25 per share. ANW’s profit will be $13.83M for 8.70 P/E if the $0.27 EPS becomes a reality. After $0.32 actual EPS reported by Aegean Marine Petroleum Network Inc. for the previous quarter, Wall Street now forecasts -15.63% negative EPS growth.

According to Zacks Investment Research, “AEGEAN MARINE PETROLEUM is a marine fuel logistics company that physically supplies and markets refined marine fuel and lubricants to ships in port and at sea. They intends to focus on growing its fleet of double hull bunkering tankers and expanding its service centers in strategic locations worldwide to further enhance the Companys extensive customer relationships and leading industry position.”

More notable recent Aegean Marine Petroleum Network Inc. (NYSE:ANW) news were published by: Prnewswire.com which released: “Aegean Marine Petroleum Network Inc. to Repurchase 11303031 Shares Owned by …” on August 17, 2016, also Marketwatch.com with their article: “Aegean Marine Petroleum Network Inc.” published on October 08, 2010, Quotes.Wsj.com published: “News Aegean Marine Petroleum Network Inc.ANW” on February 12, 2011. More interesting news about Aegean Marine Petroleum Network Inc. (NYSE:ANW) were released by: Prnewswire.com and their article: “Aegean Marine Petroleum Network Inc. Announces Closing of Repurchase of …” published on September 19, 2016 as well as Prnewswire.com‘s news article titled: “Aegean Marine Petroleum Network Inc. Announces Second Quarter 2016 Financial …” with publication date: August 10, 2016.

ANW Company Profile

Aegean Marine Petroleum Network Inc., incorporated on June 6, 2005, is an international marine fuel logistics company. The Firm 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. The Firm owns and operates a fleet of approximately 50 bunkering vessels. The Firm operates over 10 land storage facilities, with an aggregate storage capacity of approximately 1,160,000 cubic meters. The Firm operates a vessel as a floating storage facility with a cargo carrying capacity of approximately 19,900 deadweight tonnage (dwt). The Firm provides fueling services to various types of ocean-going and various types of coastal vessels, such as oil tankers, container ships, drybulk carriers, cruise ships, reefers, liquefied natural gas (LNG)/liquefied petroleum gas (LPG) carriers, car carriers and ferries.

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