Today Aegean Marine Petroleum Network Inc. (ANW) Stock Crashes

(NYSE:ANW) reported operating expense of $66.5 million for the first quarter of 2017, an increase of $3.9 million or 6.2% compared to the same period in prior year due mainly to higher marine fuel costs for our fleet and additional offices.

Midway through trading Wednesday, the Dow traded up 0.07 percent to 20,951.91 while the NASDAQ climbed 0.13 percent to 6,146.79. Looking out over the past year, company shares have been recorded -46.18% off the 52 week high and 41.00% away from the low over the same period. Summit Partners Public Asset Management LLC bought a new position in Aegean Marine Petroleum Network during the third quarter worth $5,100,000. (NYSE:ANW) has risen 43.45% since May 24, 2016 and is uptrending.

Several analysts have commented on ANW shares. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. Stifel Nicolaus downgraded Aegean Marine from Buy to Hold. Clarkson Capital upgraded Aegean Marine Petroleum Network from a "neutral" rating to a "buy" rating in a research report on Friday, March 3rd. The stock now has an average rating of "Hold" and an average price target of $11.67. Finally, UBS Group AG raised its stake in shares of Aegean Marine Petroleum Network by 48.8% in the first quarter. Buy rating has been given by 2 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 4 analysts given HOLD rating.

More notable recent Aegean Marine Petroleum Network Inc.

Heading into the earnings release, covering analysts have a consensus target price of $16.67 on Aegean Marine Petroleum Network Inc. shares. Towle & Co is the second biggest holder with 2 million shares now valued at 22.60 million whilst Acadian Asset Management LLC has 2 million shares valued at 22.89 million. (NYSE:ANW) shares are seeing unusual volume mid-trading session today. More interesting news about Aegean Marine Petroleum Network Inc. Institutional investors and hedge funds own 70.50% of the company's stock. Announces Launch Of New Market In Rostock ..." published on January 05, 2017 as well as Prnewswire.com's news article titled: "Aegean Marine Petroleum Network Inc. The SI to Aegean Marine Petroleum Network's float is 23.97%. If you are reading this report on another domain, it was illegally stolen and republished in violation of USA & worldwide trademark and copyright legislation. The original version of this piece of content can be viewed at https://www.thestockobserver.com/2017/05/25/aegean-marine-petroleum-network-inc-anw-announces-quarterly-earnings-results-misses-estimates-by-0-33-eps.html. 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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