Aegean Marine Petroleum Network (ANW) Downgraded to “D” at TheStreet

Aegean Marine Petroleum Network (NYSE:ANW) was downgraded by equities research analysts at TheStreet from a “c-” rating to a “d” rating in a research report issued on Thursday.

Other research analysts have also issued reports about the company. ValuEngine lowered Aegean Marine Petroleum Network from a “sell” rating to a “strong sell” rating in a research report on Friday. Jefferies Group reiterated a “buy” rating and issued a $7.00 price objective on shares of Aegean Marine Petroleum Network in a research report on Friday, November 17th. Zacks Investment Research upgraded Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Stifel Nicolaus decreased their price target on Aegean Marine Petroleum Network from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.33.

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Aegean Marine Petroleum Network (NYSE ANW) opened at $2.45 on Thursday. The firm has a market capitalization of $99.57, a P/E ratio of -3.36 and a beta of 2.34. Aegean Marine Petroleum Network has a 52-week low of $2.15 and a 52-week high of $13.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.19.

Aegean Marine Petroleum Network (NYSE:ANW) last issued its quarterly earnings data on Wednesday, March 7th. The oil and gas company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.42). The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Aegean Marine Petroleum Network had a negative return on equity of 1.72% and a negative net margin of 0.52%. analysts anticipate that Aegean Marine Petroleum Network will post 0.62 EPS for the current fiscal year.

In other news, major shareholder Justin Moore purchased 84,411 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were bought at an average cost of $4.68 per share, for a total transaction of $395,043.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder & Co Towle purchased 49,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were purchased at an average price of $4.66 per share, for a total transaction of $228,340.00. The disclosure for this purchase can be found here. Insiders have acquired 251,631 shares of company stock worth $1,173,028 over the last 90 days.

A number of large investors have recently added to or reduced their stakes in ANW. Northern Trust Corp lifted its stake in Aegean Marine Petroleum Network by 107.8% during 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. State Street Corp raised its stake in shares of Aegean Marine Petroleum Network by 9.1% in the second quarter. State Street Corp now owns 39,837 shares of the oil and gas company’s stock valued at $233,000 after acquiring an additional 3,324 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Aegean Marine Petroleum Network by 2.3% in the third quarter. American Century Companies Inc. now owns 533,385 shares of the oil and gas company’s stock valued at $2,640,000 after acquiring an additional 11,824 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Aegean Marine Petroleum Network by 7.8% in the third quarter. Ameriprise Financial Inc. now owns 2,876,743 shares of the oil and gas company’s stock valued at $14,239,000 after acquiring an additional 208,551 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in shares of Aegean Marine Petroleum Network in the third quarter valued at $109,000. Institutional investors own 54.76% of the company’s stock.

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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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