Aegean Marine Petroleum Network Inc. (ANW) Price Target Cut to $8.00 by Analysts at Stifel Nicolaus
Aegean Marine Petroleum Network Inc. (NYSE:ANW) had its price objective lowered by Stifel Nicolaus from $9.00 to $8.00 in a research report sent to investors on Wednesday morning. Stifel Nicolaus currently has a buy rating on the oil and gas company’s stock.
A number of other research firms have also weighed in on ANW. Zacks Investment Research upgraded Aegean Marine Petroleum Network from a sell rating to a hold rating in a research note on Wednesday, August 16th. Jefferies Group LLC reiterated a buy rating and issued a $8.00 target price on shares of Aegean Marine Petroleum Network in a research note on Friday, August 11th. ValuEngine upgraded Aegean Marine Petroleum Network from a hold rating to a buy rating in a research note on Monday, October 2nd. Finally, Clarkson Capital upgraded Aegean Marine Petroleum Network from a neutral rating to a buy rating and set a $6.00 target price on the stock in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $7.33.
Aegean Marine Petroleum Network (ANW) remained flat at $$3.75 during mid-day trading on Wednesday. The company’s stock had a trading volume of 323,600 shares, compared to its average volume of 395,535. The company has a quick ratio of 1.43, a current ratio of 1.85 and a debt-to-equity ratio of 0.84. Aegean Marine Petroleum Network has a twelve month low of $3.26 and a twelve month high of $13.10. The firm has a market cap of $152.38, a PE ratio of 3.50 and a beta of 2.17.
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Institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new position in shares of Aegean Marine Petroleum Network during the third quarter valued at $109,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Aegean Marine Petroleum Network during the third quarter valued at $115,000. Karp Capital Management Corp purchased a new position in shares of Aegean Marine Petroleum Network during the first quarter valued at $152,000. Verition Fund Management LLC purchased a new position in shares of Aegean Marine Petroleum Network during the second quarter valued at $163,000. Finally, Virtu KCG Holdings LLC increased its stake in shares of 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 valued at $178,000 after buying an additional 15,746 shares during the period. Hedge funds and other institutional investors own 69.94% of the company’s stock.
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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