Stock Mover of the Day: Aegean Marine Petroleum Network Inc.’s Trend Up, Especially After Today’s 52-Week High Milestone

Stock Mover of the Day: Aegean Marine Petroleum Network Inc.'s Trend Up, Especially After Today's 52 Week High Milestone

The stock of Aegean Marine Petroleum Network Inc. (NYSE:ANW) hit a new 52-week high and has $12.91 target or 8.00% above today’s $11.95 share price. The 5 months bullish chart indicates low risk for the $492.78 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $12.91 price target is reached, the company will be worth $39.42M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 413,146 shares traded hands or 29.32% up from the average. Aegean Marine Petroleum Network Inc. (NYSE:ANW) has risen 40.45% since April 28, 2016 and is uptrending. It has outperformed by 34.52% the S&P500.

Analysts await Aegean Marine Petroleum Network Inc. (NYSE:ANW) to report earnings on March, 15. They expect $0.39 earnings per share, up 56.00% or $0.14 from last year’s $0.25 per share. ANW’s profit will be $16.08 million for 7.66 P/E if the $0.39 EPS becomes a reality. After $0.36 actual earnings per share reported by Aegean Marine Petroleum Network Inc. for the previous quarter, Wall Street now forecasts 8.33% 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: Investorplace.com which released: “Hottest Wholesale Trade Stocks Now – EDUC ANW BECN LKQ” on March 27, 2014, also Fool.com with their article: “Why Shares of Aegean Marine Petroleum Network, Inc. Jumped Today” published on November 17, 2016, Prnewswire.com published: “Aegean Marine Petroleum Network Inc. to Repurchase 11303031 Shares Owned by …” on August 17, 2016. 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 Third Quarter 2016 Financial …” with publication date: November 16, 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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