Aegean Marine Petroleum Network Inc. (NYSE:ANW) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other brokerages have also recently issued reports on ANW. 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 note on Friday, August 11th. Stifel Nicolaus reissued a “buy” rating and issued a $9.00 price objective on shares of Aegean Marine Petroleum Network in a research note on Friday, July 21st. Zacks Investment Research cut shares of Aegean Marine Petroleum Network from a “hold” rating to a “strong sell” rating in a research note on Friday, May 26th. Jefferies Group LLC reissued a “buy” rating and issued a $8.00 price objective on shares of Aegean Marine Petroleum Network in a research note on Friday, August 11th. Finally, TheStreet cut shares of Aegean Marine Petroleum Network from a “b-” rating to a “c” rating in a research note on Thursday, May 25th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Aegean Marine Petroleum Network currently has an average rating of “Buy” and an average price target of $8.75.

Aegean Marine Petroleum Network (NYSE ANW) traded down 0.99% during mid-day trading on Friday, hitting $5.00. 144,384 shares of the stock traded hands. Aegean Marine Petroleum Network has a 12-month low of $4.20 and a 12-month high of $13.10. The company has a 50 day moving average of $4.96 and a 200-day moving average of $8.13. The stock has a market cap of $203.17 million, a PE ratio of 7.25 and a beta of 2.25.

Aegean Marine Petroleum Network (NYSE:ANW) last announced its quarterly earnings data on Thursday, August 10th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.10. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Aegean Marine Petroleum Network had a net margin of 0.56% and a return on equity of 7.97%. Aegean Marine Petroleum Network’s revenue was up 45.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. Equities research analysts forecast that Aegean Marine Petroleum Network will post $0.46 earnings per share for the current year.

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Large investors have recently modified their holdings of the company. Senvest Management LLC raised its stake in shares of Aegean Marine Petroleum Network by 19.5% in the second quarter. Senvest Management LLC now owns 5,284,894 shares of the oil and gas company’s stock valued at $30,917,000 after buying an additional 862,860 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Aegean Marine Petroleum Network by 65.7% in the second quarter. Ameriprise Financial Inc. now owns 2,668,192 shares of the oil and gas company’s stock valued at $15,609,000 after buying an additional 1,058,187 shares during the last quarter. Schneider Capital Management Corp raised its stake in shares of Aegean Marine Petroleum Network by 4.1% in the second quarter. Schneider Capital Management Corp now owns 1,959,528 shares of the oil and gas company’s stock valued at $11,463,000 after buying an additional 77,800 shares during the last quarter. Raging Capital Management LLC raised its stake in shares of Aegean Marine Petroleum Network by 78.8% in the first quarter. Raging Capital Management LLC now owns 1,173,590 shares of the oil and gas company’s stock valued at $14,142,000 after buying an additional 517,399 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Aegean Marine Petroleum Network by 77.8% in the second quarter. Franklin Resources Inc. now owns 930,000 shares of the oil and gas company’s stock valued at $5,441,000 after buying an additional 407,000 shares during the last quarter. Institutional investors own 70.57% 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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