Aegean Marine Petroleum Network Inc. (ANW) Receives Average Recommendation of “Hold” from Analysts

Aegean Marine Petroleum Network Inc. (NYSE:ANW) has earned a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $7.00.

Several equities research analysts have issued reports on ANW shares. Stifel Nicolaus restated a “buy” rating on shares of Aegean Marine Petroleum Network in a research report on Tuesday, October 24th. ValuEngine upgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Jefferies Group restated a “buy” rating and set a $7.00 price objective on shares of Aegean Marine Petroleum Network in a research report on Friday, November 17th. Finally, Zacks Investment Research downgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research report on Friday, November 10th.

In related news, major shareholder August Roth acquired 50,000 shares of the business’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Aegean Marine Petroleum Network by 9.1% in the second quarter. State Street Corp now owns 39,837 shares of the oil and gas company’s stock valued at $233,000 after buying an additional 3,324 shares in the last quarter. American Century Companies Inc. raised its position in shares of Aegean Marine Petroleum Network by 2.3% in the third quarter. American Century Companies Inc. now owns 533,385 shares of the oil and gas company’s stock valued at $2,640,000 after buying an additional 11,824 shares in the last quarter. Virtu KCG Holdings LLC raised its position in shares of 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 buying an additional 15,746 shares in the last quarter. Northern Trust Corp raised its position in shares of 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 buying an additional 16,489 shares in the last quarter. Finally, MML Investors Services LLC raised its position in shares of Aegean Marine Petroleum Network by 68.8% in the second quarter. MML Investors Services LLC now owns 41,857 shares of the oil and gas company’s stock valued at $245,000 after buying an additional 17,065 shares in the last quarter. Institutional investors own 62.31% of the company’s stock.

Aegean Marine Petroleum Network (ANW) opened at $4.65 on Tuesday. Aegean Marine Petroleum Network has a 1-year low of $3.20 and a 1-year high of $13.00. 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 company has a market capitalization of $188.98, a PE ratio of 11.92 and a beta of 2.09.

Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings results on Wednesday, November 15th. The oil and gas company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.20). The business 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 company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS. analysts forecast that Aegean Marine Petroleum Network will post 0.01 EPS for the current fiscal year.

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Aegean Marine Petroleum Network Company Profile

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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