Aegean Marine Petroleum Network Inc. (NYSE:ANW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “AEGEAN MARINE PETROLEUM is a marine fuel logistics company that physically supplies and markets refined marine fuel and lubricants to ships in port and at sea. They intends to focus on growing its fleet of double hull bunkering tankers and expanding its service centers in strategic locations worldwide to further enhance the Companys extensive customer relationships and leading industry position. “

Several other research analysts have also issued reports on ANW. Jefferies Group LLC reiterated a “buy” rating and set a $8.00 price objective on shares of Aegean Marine Petroleum Network in a research note on Friday, August 11th. Stifel Nicolaus lowered Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating and lowered their target price for the company from $18.00 to $9.00 in a research note on Wednesday, May 24th. Clarkson Capital upgraded Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Friday, August 11th. ValuEngine lowered Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, TheStreet lowered Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a research note on Thursday, May 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Aegean Marine Petroleum Network has a consensus rating of “Buy” and a consensus target price of $8.75.

Aegean Marine Petroleum Network (NYSE ANW) traded down 5.77% during trading on Wednesday, hitting $4.90. 753,576 shares of the stock traded hands. The company has a 50-day moving average price of $5.21 and a 200 day moving average price of $8.66. The stock has a market cap of $199.10 million, a PE ratio of 7.10 and a beta of 2.25. Aegean Marine Petroleum Network has a one year low of $4.20 and a one year high of $13.10.

Aegean Marine Petroleum Network (NYSE:ANW) last released its quarterly earnings data on Thursday, August 10th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.10. Aegean Marine Petroleum Network had a return on equity of 7.97% and a net margin of 0.56%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was up 45.9% compared to the same quarter last year. Analysts expect that Aegean Marine Petroleum Network will post $0.32 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Aegean Marine Petroleum Network Inc. (ANW) Upgraded to Hold by Zacks Investment Research” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/08/16/aegean-marine-petroleum-network-inc-anw-upgraded-to-hold-by-zacks-investment-research.html.

Several hedge funds have recently made changes to their positions in the stock. Sanders Morris Harris Inc. acquired a new stake in shares of Aegean Marine Petroleum Network during the first quarter worth $2,265,000. Russell Investments Group Ltd. raised its stake in shares of Aegean Marine Petroleum Network by 87.4% in the first quarter. Russell Investments Group Ltd. now owns 106,004 shares of the oil and gas company’s stock worth $1,278,000 after buying an additional 49,444 shares during the period. Wells Fargo & Company MN raised its stake in shares of Aegean Marine Petroleum Network by 480,837.5% in the first quarter. Wells Fargo & Company MN now owns 76,950 shares of the oil and gas company’s stock worth $927,000 after buying an additional 76,934 shares during the period. Monarch Partners Asset Management LLC acquired a new stake in shares of Aegean Marine Petroleum Network during the first quarter worth $3,013,000. Finally, LSV Asset Management raised its stake in shares of Aegean Marine Petroleum Network by 173.2% in the first quarter. LSV Asset Management now owns 595,594 shares of the oil and gas company’s stock worth $7,176,000 after buying an additional 377,597 shares during the period. Institutional investors own 74.92% 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.

Get a free copy of the Zacks research report on Aegean Marine Petroleum Network (ANW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Aegean Marine Petroleum Network Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegean Marine Petroleum Network Inc. and related companies with MarketBeat.com's FREE daily email newsletter.