Aegean Marine Petroleum Network Inc. (NYSE:ANW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” 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. “

A number of other analysts also recently issued reports on the company. Jefferies Group LLC reissued a “buy” rating and set a $8.00 price objective on shares of Aegean Marine Petroleum Network in a research report on Friday, August 11th. 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 report on Friday, August 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $9.00 target price on shares of Aegean Marine Petroleum Network in a research report on Friday, July 21st. Finally, ValuEngine raised shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Aegean Marine Petroleum Network presently has an average rating of “Buy” and a consensus price target of $8.75.

Shares of Aegean Marine Petroleum Network (ANW) traded down 2.00% during trading on Wednesday, reaching $4.90. 140,684 shares of the company’s stock were exchanged. Aegean Marine Petroleum Network has a 12-month low of $4.00 and a 12-month high of $13.10. The company has a 50 day moving average of $4.77 and a 200 day moving average of $7.17. The stock has a market cap of $199.10 million, a P/E ratio of 7.10 and a beta of 2.25.

Aegean Marine Petroleum Network (NYSE:ANW) last posted its earnings results on Thursday, August 10th. The oil and gas company reported $0.21 EPS for the quarter, beating the Zacks’ 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 company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was up 45.9% on a year-over-year basis. Equities research analysts anticipate that Aegean Marine Petroleum Network will post $0.46 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in ANW. Beacon Capital Management purchased a new position in shares of Aegean Marine Petroleum Network during the fourth quarter worth $0. Assetmark acquired a new stake in shares of Aegean Marine Petroleum Network in the third quarter valued at $0. Brandes Investment Partners LP acquired a new stake in shares of Aegean Marine Petroleum Network in the third quarter valued at $114,000. Emerald Acquisition Ltd. purchased a new stake in shares of Aegean Marine Petroleum Network in the 2nd quarter valued at $119,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Aegean Marine Petroleum Network in the 3rd quarter valued at $119,000. Institutional investors own 70.57% 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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