Aegean Marine Petroleum Network’s (NYSE:ANW) “Buy” Rating Reaffirmed at Jefferies Group

Aegean Marine Petroleum Network (NYSE:ANW)‘s stock had its “buy” rating restated by research analysts at Jefferies Group in a research note issued to investors on Friday, November 17th. They presently have a $7.00 price objective on the oil and gas company’s stock. Jefferies Group’s price target would suggest a potential upside of 75.00% from the company’s previous close.

A number of other research analysts have also weighed in on ANW. ValuEngine raised Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Clarkson Capital raised Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Friday, August 11th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $9.00 price objective on shares of Aegean Marine Petroleum Network in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Aegean Marine Petroleum Network presently has a consensus rating of “Buy” and an average price target of $7.00.

Aegean Marine Petroleum Network (ANW) traded down $0.25 on Friday, hitting $4.00. The stock had a trading volume of 169,209 shares, compared to its average volume of 636,585. 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 company has a market cap of $170.69, a P/E ratio of 6.89 and a beta of 2.08. Aegean Marine Petroleum Network has a fifty-two week low of $3.20 and a fifty-two week high of $13.10.

Aegean Marine Petroleum Network (NYSE:ANW) last issued its quarterly earnings data 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). Aegean Marine Petroleum Network had a return on equity of 4.26% and a net margin of 0.28%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the company earned $0.36 earnings per share. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. equities analysts forecast that Aegean Marine Petroleum Network will post 0.01 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. purchased a new position in Aegean Marine Petroleum Network during the third quarter worth approximately $109,000. Dynamic Technology Lab Private Ltd purchased a new stake in Aegean Marine Petroleum Network in the third quarter valued at $115,000. Verition Fund Management LLC purchased a new stake in Aegean Marine Petroleum Network in the second quarter valued at $163,000. Virtu KCG Holdings LLC raised its position in Aegean Marine Petroleum Network by 107.7% in the second quarter. Virtu KCG Holdings LLC now owns 30,364 shares of the oil and gas company’s stock valued at $178,000 after purchasing an additional 15,746 shares during the period. Finally, Northern Trust Corp raised its position in Aegean Marine Petroleum Network by 107.8% in the second quarter. Northern Trust Corp now owns 31,785 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 16,489 shares during the period. Hedge funds and other institutional investors own 62.48% of the company’s stock.

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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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