Zacks: Aegean Marine Petroleum Network Inc.(ANW) Receives Average Rating of “Buy” from Analysts

TIN news:  Shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) have been given an average broker rating score of 1.67 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and two have given a strong buy recommendation to the company. Aegean Marine Petroleum Network’s rating score has declined by 67% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokerages have set a 12-month consensus price target of $14.00 for the company and are forecasting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given Aegean Marine Petroleum Network an industry rank of 220 out of 265 based on the ratings given to its competitors.
Several research analysts recently issued reports on ANW shares. Zacks Investment Research cut shares of Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th. TheStreet raised shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a report on Wednesday, November 30th. Finally, Clarkson Capital reissued a “neutral” rating on shares of Aegean Marine Petroleum Network in a report on Tuesday, January 10th.
Aegean Marine Petroleum Network (NYSE:ANW) opened at 11.25 on Monday. Aegean Marine Petroleum Network has a 12-month low of $5.00 and a 12-month high of $13.10. The firm’s 50 day moving average is $10.54 and its 200 day moving average is $9.60. The company has a market cap of $443.28 million, a P/E ratio of 12.16 and a beta of 2.93.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANW. State Street Corp boosted its position in Aegean Marine Petroleum Network by 17.3% in the second quarter. State Street Corp now owns 20,408 shares of the company’s stock worth $112,000 after buying an additional 3,008 shares during the last quarter. Brandes Investment Partners LP purchased a new position in Aegean Marine Petroleum Network during the third quarter worth $114,000. Emerald Acquisition Ltd. purchased a new position in Aegean Marine Petroleum Network during the second quarter worth $119,000. Two Sigma Securities LLC purchased a new position in Aegean Marine Petroleum Network during the third quarter worth $119,000. Finally, BlackRock Fund Advisors boosted its position in Aegean Marine Petroleum Network by 1.7% in the second quarter. BlackRock Fund Advisors now owns 22,260 shares of the company’s stock worth $122,000 after buying an additional 372 shares during the last quarter. 71.12% of the stock is owned by institutional investors.