Aegean Marine Petroleum Network Inc.ANW was a big mover last session, as the company saw its shares rise almost 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 52.6% in the past one-month time frame.
The stock gained after the company reported a strategic senior management transition, per which the company’s President E. Nikolas Tavlarios was stepping down.
The company has seen two negative estimate revisions in the past month, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past month, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Aegean Marine currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Aegean Marine Petroleum Network Inc. Price
Aegean Marine Petroleum Network Inc. Price | Aegean Marine Petroleum Network Inc. Quote
A better-ranked stock in theTransportation – Shipping industry is StealthGas Inc. GASS, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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