Aegean Marine Petroleum Network Inc. (NYSE:ANW) was down 5.6% on Friday . The company traded as low as $4.20 and last traded at $4.20. Approximately 624,386 shares were traded during trading, an increase of 95% from the average daily volume of 320,562 shares. The stock had previously closed at $4.45.

A number of equities research analysts have recently weighed in on ANW shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $9.00 target price on shares of Aegean Marine Petroleum Network in a research note on Friday, July 21st. ValuEngine lowered shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Clarkson Capital raised shares of Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 target price on the stock in a research note on Friday, August 11th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $8.00 target price on shares of Aegean Marine Petroleum Network in a research note on Friday, August 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $7.67.

The company has a market capitalization of $160.51, a P/E ratio of 4.16 and a beta of 2.17. The company has a current ratio of 1.85, a quick ratio of 1.43 and a debt-to-equity ratio of 0.84.

Aegean Marine Petroleum Network (NYSE:ANW) last announced its earnings results on Thursday, August 10th. The oil and gas company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. Aegean Marine Petroleum Network had a net margin of 0.56% and a return on equity of 7.97%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 45.9% compared to the same quarter last year. analysts forecast that Aegean Marine Petroleum Network Inc. will post 0.32 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. Senvest Management LLC boosted its stake in Aegean Marine Petroleum Network by 19.5% during the second quarter. Senvest Management LLC now owns 5,284,894 shares of the oil and gas company’s stock worth $30,917,000 after acquiring an additional 862,860 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Aegean Marine Petroleum Network by 65.7% during the second quarter. Ameriprise Financial Inc. now owns 2,668,192 shares of the oil and gas company’s stock worth $15,609,000 after acquiring an additional 1,058,187 shares in the last quarter. Schneider Capital Management Corp boosted its stake in 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 in the last quarter. Franklin Resources Inc. boosted its stake in 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 in the last quarter. Finally, Global X Management Co. LLC boosted its stake in Aegean Marine Petroleum Network by 36.6% during the second quarter. Global X Management Co. LLC now owns 710,826 shares of the oil and gas company’s stock worth $4,158,000 after acquiring an additional 190,471 shares in the last quarter. 69.92% of the stock is currently owned by institutional investors and hedge funds.

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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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