Aegean Marine Petroleum Network Inc. (NYSE:ANW)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group LLC in a research note issued to investors on Friday. They presently have a $8.00 target price on the oil and gas company’s stock. Jefferies Group LLC’s target price suggests a potential upside of 55.34% from the stock’s current price.

A number of other equities analysts also recently issued reports on ANW. Stifel Nicolaus downgraded shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating and dropped their price objective for the company from $18.00 to $9.00 in a research note on Wednesday, May 24th. Clarkson Capital upgraded shares of Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 price objective on the stock in a research note on Friday. ValuEngine downgraded shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet downgraded shares of Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a research note on Thursday, May 25th. Finally, Zacks Investment Research downgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “strong sell” rating in a research note on Friday, May 26th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Aegean Marine Petroleum Network presently has a consensus rating of “Buy” and an average target price of $8.75.

Shares of Aegean Marine Petroleum Network (NYSE:ANW) opened at 5.15 on Friday. The company has a market capitalization of $203.14 million, a PE ratio of 5.56 and a beta of 2.25. The stock has a 50 day moving average price of $5.23 and a 200-day moving average price of $8.78. Aegean Marine Petroleum Network has a 12 month low of $4.20 and a 12 month high of $13.10.

Aegean Marine Petroleum Network (NYSE:ANW) last issued its earnings results on Thursday, August 10th. The oil and gas company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. Aegean Marine Petroleum Network had a net margin of 0.86% and a return on equity of 9.20%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 45.9% compared to the same quarter last year. Analysts forecast that Aegean Marine Petroleum Network will post $0.38 EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. Karp Capital Management Corp acquired a new position in Aegean Marine Petroleum Network during the first quarter worth about $152,000. Brandes Investment Partners LP increased its stake in shares of Aegean Marine Petroleum Network by 11.8% in the first quarter. Brandes Investment Partners LP now owns 13,339 shares of the oil and gas company’s stock valued at $161,000 after buying an additional 1,407 shares during the period. ClariVest Asset Management LLC increased its stake in shares of Aegean Marine Petroleum Network by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 16,454 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 840 shares during the period. Koch Industries Inc. purchased a new stake in shares of Aegean Marine Petroleum Network during the first quarter valued at $267,000. Finally, Virtu KCG Holdings LLC increased its stake 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 during the period. Hedge funds and other institutional investors own 76.53% of the company’s stock.

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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