Aegean Marine Petroleum Network Inc. (ANW) Given Average Rating of “Hold” by Analysts

Shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) have earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $7.00.

ANW has been the subject of a number of analyst reports. Stifel Nicolaus restated a “buy” rating on shares of Aegean Marine Petroleum Network in a report on Tuesday, October 24th. ValuEngine upgraded Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Jefferies Group restated a “buy” rating and set a $7.00 target price on shares of Aegean Marine Petroleum Network in a report on Friday, November 17th. Finally, Zacks Investment Research lowered Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a report on Friday, November 10th.

In other Aegean Marine Petroleum Network news, major shareholder Justin Moore acquired 84,411 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average price of $4.68 per share, for a total transaction of $395,043.48. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder & Co Towle acquired 49,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were acquired at an average price of $4.66 per share, with a total value of $228,340.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 251,631 shares of company stock valued at $1,173,028.

Several institutional investors and hedge funds have recently modified their holdings of the company. Global X Management Co. LLC lifted its holdings in shares of Aegean Marine Petroleum Network by 2.2% during the 4th quarter. Global X Management Co. LLC now owns 659,251 shares of the oil and gas company’s stock valued at $2,835,000 after purchasing an additional 14,371 shares during the last quarter. Shah Capital Management lifted its holdings in shares of Aegean Marine Petroleum Network by 81.5% during the 4th quarter. Shah Capital Management now owns 865,000 shares of the oil and gas company’s stock valued at $3,719,000 after purchasing an additional 388,290 shares during the last quarter. Highbridge Capital Management LLC lifted its holdings in shares of Aegean Marine Petroleum Network by 506.7% during the 3rd quarter. Highbridge Capital Management LLC now owns 75,074 shares of the oil and gas company’s stock valued at $371,000 after purchasing an additional 62,700 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Aegean Marine Petroleum Network during the 3rd quarter valued at $440,000. Finally, Senvest Management LLC lifted its holdings in shares of Aegean Marine Petroleum Network by 3.0% during the 3rd quarter. Senvest Management LLC now owns 5,445,894 shares of the oil and gas company’s stock valued at $26,957,000 after purchasing an additional 161,000 shares during the last quarter. Hedge funds and other institutional investors own 62.96% of the company’s stock.

Aegean Marine Petroleum Network (NYSE:ANW) opened at $4.50 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.56 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $182.88, a P/E ratio of 11.54 and a beta of 1.90. Aegean Marine Petroleum Network has a 52 week low of $3.20 and a 52 week high of $13.00.

Aegean Marine Petroleum Network (NYSE:ANW) last posted its earnings results on Wednesday, November 15th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.20). The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Aegean Marine Petroleum Network had a return on equity of 4.26% and a net margin of 0.28%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. analysts expect that Aegean Marine Petroleum Network will post 0.01 EPS for the current year.

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About Aegean Marine Petroleum Network

Aegean Marine Petroleum Network Inc is an international marine fuel logistics company. The Company 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.

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