Aegean Marine Petroleum Network Inc. (ANW) Receives Average Rating of “Buy” from Analysts

Aegean Marine Petroleum Network Inc. (NYSE:ANW) has been assigned an average rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $7.00.

Several research firms recently commented on ANW. Zacks Investment Research raised Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Jefferies Group LLC reissued a “buy” rating and set a $8.00 price target on shares of Aegean Marine Petroleum Network in a research report on Friday, August 11th. ValuEngine raised Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating on shares of Aegean Marine Petroleum Network in a report on Tuesday, October 24th. Finally, Clarkson Capital upgraded 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.

A number of hedge funds have recently bought and sold shares of the business. Senvest Management LLC increased its holdings in Aegean Marine Petroleum Network by 3.0% during the 3rd quarter. Senvest Management LLC now owns 5,445,894 shares of the oil and gas company’s stock worth $26,957,000 after purchasing an additional 161,000 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Aegean Marine Petroleum Network by 7.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,876,743 shares of the oil and gas company’s stock worth $14,239,000 after purchasing an additional 208,551 shares during the last quarter. Schneider Capital Management Corp increased its holdings in Aegean Marine Petroleum Network by 4.1% during the 2nd quarter. Schneider Capital Management Corp now owns 1,959,528 shares of the oil and gas company’s stock worth $11,463,000 after purchasing an additional 77,800 shares during the last quarter. Franklin Resources Inc. increased its holdings in Aegean Marine Petroleum Network by 77.8% during the 2nd quarter. Franklin Resources Inc. now owns 930,000 shares of the oil and gas company’s stock worth $5,441,000 after purchasing an additional 407,000 shares during the last quarter. Finally, Global X Management Co. LLC increased its holdings in Aegean Marine Petroleum Network by 36.6% during the 2nd quarter. Global X Management Co. LLC now owns 710,826 shares of the oil and gas company’s stock worth $4,158,000 after purchasing an additional 190,471 shares during the last quarter. Institutional investors own 68.03% of the company’s stock.

Aegean Marine Petroleum Network (NYSE ANW) opened at $3.90 on Monday. The company has a market capitalization of $158.50, a P/E ratio of 6.39 and a beta of 2.17. The company has a current ratio of 1.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.71. Aegean Marine Petroleum Network has a 52-week low of $3.20 and a 52-week high of $13.10.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th will be issued a dividend of $0.02 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.08 annualized dividend and a yield of 2.05%. Aegean Marine Petroleum Network’s dividend payout ratio is presently 21.05%.

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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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