Aegean Marine Petroleum Network Inc. (NYSE:ANW)‘s stock had its “buy” rating reiterated by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday. They presently have a $9.00 target price on the oil and gas company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 74.76% from the company’s current price.

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. ValuEngine upgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. TheStreet lowered shares of Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a research note on Thursday, May 25th. Finally, Clarkson Capital lowered shares of Aegean Marine Petroleum Network from a “buy” rating to a “neutral” rating and cut their target price for the stock from $16.00 to $8.00 in a research note on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Aegean Marine Petroleum Network presently has a consensus rating of “Hold” and an average target price of $10.75.

Aegean Marine Petroleum Network (NYSE ANW) traded down 0.96% during mid-day trading on Friday, hitting $5.15. 1,400,441 shares of the stock were exchanged. The company has a 50 day moving average of $5.59 and a 200 day moving average of $9.42. Aegean Marine Petroleum Network has a 12-month low of $4.60 and a 12-month high of $13.10. The firm has a market cap of $203.14 million, a P/E ratio of 5.56 and a beta of 2.29.

Aegean Marine Petroleum Network (NYSE:ANW) last released its earnings results on Tuesday, May 23rd. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.33. Aegean Marine Petroleum Network had a return on equity of 9.20% and a net margin of 0.86%. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was up 102.4% on a year-over-year basis. On average, equities analysts anticipate that Aegean Marine Petroleum Network will post $0.60 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the stock. Karp Capital Management Corp acquired a new position in shares of Aegean Marine Petroleum Network during the first quarter worth about $152,000. Brandes Investment Partners LP increased its position 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 worth $161,000 after buying an additional 1,407 shares during the period. ClariVest Asset Management LLC increased its position 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 worth $198,000 after buying an additional 840 shares during the period. Koch Industries Inc. acquired a new position in shares of Aegean Marine Petroleum Network during the first quarter worth about $267,000. Finally, MARSHALL WACE ASIA Ltd acquired a new position in shares of Aegean Marine Petroleum Network during the first quarter worth about $418,000. 80.80% of the stock is owned by hedge funds and other institutional investors.

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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