Aegean Marine Petroleum Network Inc. (ANW) Receives Consensus Rating of “Hold” from Brokerages

Aegean Marine Petroleum Network Inc. (NYSE:ANW) has received a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $7.00.

ANW has been the topic of a number of analyst reports. Zacks Investment Research cut Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Aegean Marine Petroleum Network in a research note on Tuesday, October 24th. ValuEngine cut Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Jefferies Group reaffirmed a “buy” rating and set a $7.00 target price on shares of Aegean Marine Petroleum Network in a research note on Friday, November 17th.

In other Aegean Marine Petroleum Network news, major shareholder Shah Capital Opportunity Fund bought 6,200 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were purchased at an average price of $4.25 per share, with a total value of $26,350.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Justin Moore bought 6,095 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were acquired at an average cost of $4.80 per share, for a total transaction of $29,256.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 251,631 shares of company stock worth $1,173,028.

Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new position in Aegean Marine Petroleum Network in the third quarter worth approximately $109,000. Dynamic Technology Lab Private Ltd bought a new position in Aegean Marine Petroleum Network in the third quarter worth approximately $115,000. Verition Fund Management LLC bought a new position in Aegean Marine Petroleum Network in the second quarter worth approximately $163,000. Virtu KCG Holdings LLC grew its stake in 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 worth $178,000 after purchasing an additional 15,746 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Aegean Marine Petroleum Network by 107.8% in the second quarter. Northern Trust Corp now owns 31,785 shares of the oil and gas company’s stock worth $187,000 after purchasing an additional 16,489 shares in the last quarter. 62.96% of the stock is currently owned by institutional investors.

Shares of Aegean Marine Petroleum Network (ANW) opened at $4.50 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.19 and a current ratio of 1.56. Aegean Marine Petroleum Network has a 52 week low of $3.20 and a 52 week high of $13.00. The firm has a market capitalization of $182.88, a P/E ratio of 11.54 and a beta of 1.90.

Aegean Marine Petroleum Network (NYSE:ANW) last released its earnings results on Wednesday, November 15th. The oil and gas company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.20). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Aegean Marine Petroleum Network had a net margin of 0.28% and a return on equity of 4.26%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 EPS. equities analysts predict that Aegean Marine Petroleum Network will post 0.01 EPS for the current fiscal year.

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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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