Aegean Marine Petroleum Network Inc. (NYSE:ANW)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group LLC in a report issued on Friday. They currently have a $7.00 price target on the oil and gas company’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 86.67% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus lowered their price target on shares of Aegean Marine Petroleum Network from $9.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Clarkson Capital upgraded shares of Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 price target for the company in a report on Friday, August 11th. ValuEngine upgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $7.00.

Aegean Marine Petroleum Network (ANW) opened at $3.75 on Friday. 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 has a fifty-two week low of $3.20 and a fifty-two week high of $13.10. The stock has a market cap of $175.85, a P/E ratio of 3.13 and a beta of 2.17.

Aegean Marine Petroleum Network (NYSE:ANW) last released its quarterly earnings results on Wednesday, November 15th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.20). Aegean Marine Petroleum Network had a return on equity of 7.97% and a net margin of 0.56%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the business posted $0.36 EPS. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. sell-side analysts forecast that Aegean Marine Petroleum Network will post 0.25 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in ANW. Bank of New York Mellon Corp increased its stake in shares of Aegean Marine Petroleum Network by 4.7% in the 1st quarter. Bank of New York Mellon Corp now owns 80,427 shares of the oil and gas company’s stock valued at $969,000 after acquiring an additional 3,617 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Aegean Marine Petroleum Network by 27.5% in the 1st quarter. Renaissance Technologies LLC now owns 694,100 shares of the oil and gas company’s stock valued at $8,364,000 after acquiring an additional 149,800 shares in the last quarter. Hodges Capital Management Inc. increased its stake in shares of Aegean Marine Petroleum Network by 12.3% in the 2nd quarter. Hodges Capital Management Inc. now owns 496,330 shares of the oil and gas company’s stock valued at $2,904,000 after acquiring an additional 54,253 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Aegean Marine Petroleum Network by 36.6% in the 2nd quarter. Global X Management Co. LLC now owns 710,826 shares of the oil and gas company’s stock valued at $4,158,000 after acquiring an additional 190,471 shares in the last quarter. Finally, BB&T Securities LLC increased its stake in shares of Aegean Marine Petroleum Network by 76.8% in the 2nd quarter. BB&T Securities LLC now owns 189,907 shares of the oil and gas company’s stock valued at $1,110,000 after acquiring an additional 82,500 shares in the last quarter. Institutional investors own 68.59% of the company’s stock.

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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