Aegean Marine Petroleum Network Inc. (NYSE:ANW)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group LLC in a report released on Friday. They presently have a $7.00 target price on the oil and gas company’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 115.38% from the company’s current price.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus dropped their price objective on shares of Aegean Marine Petroleum Network from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Clarkson Capital raised 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 research report on Friday, August 11th. ValuEngine upgraded shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $7.00.

Aegean Marine Petroleum Network (NYSE ANW) opened at $3.25 on Friday. The firm has a market cap of $138.15, a PE ratio of 5.57 and a beta of 2.17. Aegean Marine Petroleum Network has a 1 year low of $3.20 and a 1 year high of $13.10. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.85 and a quick ratio of 1.43.

Aegean Marine Petroleum Network (NYSE:ANW) last issued its quarterly earnings data on Wednesday, November 15th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.20). The company had revenue of $1.34 billion during 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 4.27%. Aegean Marine Petroleum Network’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. sell-side analysts predict that Aegean Marine Petroleum Network will post 0.17 EPS for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the stock. Highbridge Capital Management LLC grew its stake in shares of Aegean Marine Petroleum Network by 506.7% in the third quarter. Highbridge Capital Management LLC now owns 75,074 shares of the oil and gas company’s stock valued at $371,000 after acquiring an additional 62,700 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Aegean Marine Petroleum Network in the third quarter valued at about $440,000. Senvest Management LLC grew its stake in shares of Aegean Marine Petroleum Network by 3.0% in the third quarter. Senvest Management LLC now owns 5,445,894 shares of the oil and gas company’s stock valued at $26,957,000 after acquiring an additional 161,000 shares in the last quarter. BB&T Securities LLC grew its stake in shares of Aegean Marine Petroleum Network by 17.5% in the third quarter. BB&T Securities LLC now owns 223,061 shares of the oil and gas company’s stock valued at $1,104,000 after acquiring an additional 33,154 shares in the last quarter. Finally, Granite Investment Partners LLC acquired a new position in shares of Aegean Marine Petroleum Network in the third quarter valued at about $871,000. Institutional investors and hedge funds own 68.59% 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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