Strong On High Volume: Aegean Marine Petroleum Network (ANW)
Trade-Ideas LLC identified
Aegean Marine Petroleum Network
(
) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Aegean Marine Petroleum Network as such a stock due to the following factors:
- ANW has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $2.8 million.
- ANW has traded 84,119 shares today.
- ANW is trading at 3.27 times the normal volume for the stock at this time of day.
- ANW is trading at a new high 3.12% above yesterday's close.
'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.
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More details on ANW:
Aegean Marine Petroleum Network, Inc., together with its subsidiaries, operates as a marine fuel logistics company that markets and supplies refined marine fuel and lubricants to vessels in port, at sea, and on rivers worldwide. The stock currently has a dividend yield of 1.3%. ANW has a PE ratio of 9. Currently there are 3 analysts that rate Aegean Marine Petroleum Network a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for Aegean Marine Petroleum Network has been 335,200 shares per day over the past 30 days. Aegean Marine Petroleum Network has a market cap of $295.2 million and is part of the basic materials sector and energy industry. The stock has a beta of 2.01 and a short float of 6.7% with 4.50 days to cover. Shares are down 23.3% year-to-date as of the close of trading on Tuesday.
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Analysis:
rates Aegean Marine Petroleum Network as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and poor profit margins.
Highlights from the ratings report include:
- Net operating cash flow has significantly increased by 146.07% to $10.94 million when compared to the same quarter last year. In addition, AEGEAN MARINE PETROLM NETWK has also vastly surpassed the industry average cash flow growth rate of -49.80%.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, AEGEAN MARINE PETROLM NETWK's return on equity has significantly outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
- Looking at the price performance of ANW's shares over the past 12 months, there is not much good news to report: the stock is down 54.77%, and it has underformed the S&P 500 Index. In addition, the company's earnings per share are lower today than the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
- The debt-to-equity ratio of 1.11 is relatively high when compared with the industry average, suggesting a need for better debt level management. Even though the debt-to-equity ratio is weak, ANW's quick ratio is somewhat strong at 1.26, demonstrating the ability to handle short-term liquidity needs.
- You can view the full Aegean Marine Petroleum Network Ratings Report.
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