Aegean Marine Petroleum Network (NYSE:ANW) Now Covered by Analysts at Jefferies Group

Stock analysts at Jefferies Group assumed coverage on shares of Aegean Marine Petroleum Network (NYSE:ANW) in a research note issued to investors on Monday, December 18th. The brokerage set a “buy” rating and a $7.00 price target on the oil and gas company’s stock. Jefferies Group’s target price indicates a potential upside of 50.54% from the stock’s previous close. Jefferies Group also issued estimates for Aegean Marine Petroleum Network’s Q4 2017 earnings at $0.07 EPS, FY2017 earnings at $0.04 EPS and FY2018 earnings at $0.75 EPS.

Several other research firms have also issued reports on ANW. Zacks Investment Research raised Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine raised Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Aegean Marine Petroleum Network in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $7.00.

Aegean Marine Petroleum Network (NYSE ANW) remained flat at $$4.65 on Monday. 167,399 shares of the company’s stock were exchanged, compared to its average volume of 323,099. The company has a current ratio of 1.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.71. The firm has a market cap of $188.98, a P/E ratio of 11.92 and a beta of 2.09. Aegean Marine Petroleum Network has a 1-year low of $3.20 and a 1-year high of $13.00.

Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings data on Wednesday, November 15th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.20). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $0.36 EPS. sell-side analysts predict that Aegean Marine Petroleum Network will post 0.01 EPS for the current year.

In other news, major shareholder August Roth bought 50,000 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was purchased at an average cost of $4.58 per share, for a total transaction of $229,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional investors have recently bought and sold shares of the business. Senvest Management LLC raised its position in shares of Aegean Marine Petroleum Network by 3.0% during the third quarter. Senvest Management LLC now owns 5,445,894 shares of the oil and gas company’s stock worth $26,957,000 after acquiring an additional 161,000 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Aegean Marine Petroleum Network by 7.8% during the third quarter. Ameriprise Financial Inc. now owns 2,876,743 shares of the oil and gas company’s stock worth $14,239,000 after acquiring an additional 208,551 shares during the last quarter. Schneider Capital Management Corp raised its position in shares of Aegean Marine Petroleum Network by 4.1% during the second quarter. Schneider Capital Management Corp now owns 1,959,528 shares of the oil and gas company’s stock worth $11,463,000 after acquiring an additional 77,800 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Aegean Marine Petroleum Network by 77.8% during the second quarter. Franklin Resources Inc. now owns 930,000 shares of the oil and gas company’s stock worth $5,441,000 after acquiring an additional 407,000 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of Aegean Marine Petroleum Network by 15.5% during the second quarter. LSV Asset Management now owns 687,749 shares of the oil and gas company’s stock worth $4,023,000 after acquiring an additional 92,155 shares during the last quarter. Hedge funds and other institutional investors own 62.31% 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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