Stock analysts at Jefferies Group started coverage on shares of Aegean Marine Petroleum Network (NYSE:ANW) in a report released on Monday, December 18th. The brokerage set a “buy” rating and a $7.00 price target on the oil and gas company’s stock. Jefferies Group’s price target would suggest a potential upside of 50.54% from the company’s current price. Jefferies Group also issued estimates for Aegean Marine Petroleum Network’s Q4 2017 earnings at $0.07 EPS, FY2017 earnings at $0.04 EPS and FY2018 earnings at $0.75 EPS.
ANW has been the topic of several other reports. 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. Zacks Investment Research lowered shares of Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, ValuEngine raised shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Aegean Marine Petroleum Network has a consensus rating of “Hold” and an average price target of $7.00.
Shares of Aegean Marine Petroleum Network (NYSE:ANW) remained flat at $$4.65 on Monday. 167,399 shares of the stock traded hands, compared to its average volume of 242,633. The company has a market capitalization of $188.98, a P/E ratio of 11.92 and a beta of 2.09. Aegean Marine Petroleum Network has a one year low of $3.20 and a one year 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, 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 4.26%. 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. analysts anticipate that Aegean Marine Petroleum Network will post 0.01 earnings per share for the current fiscal year.
In other Aegean Marine Petroleum Network news, major shareholder August Roth purchased 50,000 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were acquired at an average cost of $4.58 per share, with a total value of $229,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. acquired a new stake in Aegean Marine Petroleum Network during the third quarter worth about $109,000. Dynamic Technology Lab Private Ltd acquired a new stake in Aegean Marine Petroleum Network during the third quarter worth about $115,000. Verition Fund Management LLC acquired a new stake in Aegean Marine Petroleum Network during the second quarter worth about $163,000. Virtu KCG Holdings LLC grew its stake in Aegean Marine Petroleum Network by 107.7% during the second quarter. Virtu KCG Holdings LLC now owns 30,364 shares of the oil and gas company’s stock worth $178,000 after buying an additional 15,746 shares in the last quarter. Finally, Northern Trust Corp grew 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 buying an additional 16,489 shares in the last quarter. Hedge funds and other institutional investors own 62.31% 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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