Aegean Marine Petroleum Network Inc. (NYSE:ANW)’s share price hit a new 52-week low on Wednesday . The company traded as low as $4.38 and last traded at $4.35, with a volume of 383,722 shares. The stock had previously closed at $4.55.

A number of equities analysts recently weighed in on ANW shares. Stifel Nicolaus reissued a “buy” rating and issued a $9.00 price target on shares of Aegean Marine Petroleum Network in a research note on Friday, July 21st. Zacks Investment Research cut Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. ValuEngine raised Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. TheStreet cut Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a research note on Thursday, May 25th. Finally, Clarkson Capital cut Aegean Marine Petroleum Network from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $16.00 to $8.00 in a research note on Wednesday, May 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.75.

The firm has a market capitalization of $171.58 million, a PE ratio of 4.69 and a beta of 2.25. The company has a 50 day moving average price of $5.34 and a 200 day moving average price of $9.00.

Aegean Marine Petroleum Network (NYSE:ANW) last released its quarterly earnings data on Tuesday, May 23rd. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.33. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.16 billion. Aegean Marine Petroleum Network had a net margin of 0.86% and a return on equity of 9.20%. The company’s revenue was up 102.4% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. Equities research analysts predict that Aegean Marine Petroleum Network Inc. will post $0.57 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in ANW. Karp Capital Management Corp bought a new position in shares of Aegean Marine Petroleum Network during the first quarter valued at approximately $152,000. Brandes Investment Partners LP increased its position in shares of Aegean Marine Petroleum Network by 11.8% in the first quarter. Brandes Investment Partners LP now owns 13,339 shares of the oil and gas company’s stock valued at $161,000 after buying an additional 1,407 shares during the last quarter. ClariVest Asset Management LLC increased its position in shares of Aegean Marine Petroleum Network by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 16,454 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 840 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Aegean Marine Petroleum Network during the first quarter valued at approximately $267,000. Finally, MARSHALL WACE ASIA Ltd bought a new position in shares of Aegean Marine Petroleum Network during the first quarter valued at approximately $418,000. 76.53% of the stock is currently owned by hedge funds and other institutional investors.

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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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