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Aegean Marine Petroleum Network Inc. (ANW) [hlAlert]

Rating:
Buy ANW
down 68.64 %

Aegean Marine Petroleum Network Inc. (ANW) rated Buy with price target $40 by BB&T Capital Mkts

Posted on: Wednesday,  Oct 21, 2009  10:25 AM ET by BB&T Capital Mkts

BB&T Capital Mkts rated Buy Aegean Marine Petroleum Network Inc. (NYSE: ANW) on 10/21/2009, when the stock price was $24.40.
Since then, Aegean Marine Petroleum Network Inc. has lost 68.65% as of 01/13/2016's recent price of $7.65.
If you would have followed this BB&T Capital Mkts's recommendation on ANW, you would have lost 68.64% of your investment in 2275 days.

Aegean Marine Petroleum Network, Inc. (Aegean) is a holding company. Through its subsidiaries, the Company operates as an independent physical supplier and marketer of refined marine fuel and lubricants. The Company procures marine fuel from refineries, oil producers, and resells to a diversified customer base, representing all segments of the shipping industry, including tankers, container ships, drybulk carriers, cruise ships, reefers, liquefied natural gas (LNG)/liquefied petroleum gas (LPG), car carriers, ferries, and marine fuel traders and brokers. The Company serves Greece, Gibraltar, the United Arab Emirates, Jamaica, Singapore, Northern Europe, Portland, West Africa, Vancouver, Montreal and Mexico. As of March 31, 2009, it owned a fleet of 33 bunkering vessels, 28 of which are double hull. On July 1, 2008, Aegean acquired ICS Petroleum Ltd., a Canada-based marketer and supplier of marine petroleum products in Vancouver, Montreal and Mexico.

BB&T Capital Markets is dedicated to delivering world-class corporate banking, investment banking, and capital markets solutions to commercial clients, corporate clients, and government entities. Our customer focus and team approach, combined with the fast-growing strength and national recognition of BB&T, equip us to build lasting relationships and contribute significantly to the long-term success of each client.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/21/2009 10:25 AM Buy
None
24.40 40.00
as of 12/31/2009
1 Week down  -58.70 %
1 Month down  -58.33 %
3 Months down  -54.09 %
1 YTD down  -54.09 %

(*) Stock Price at the time of the recommendation.
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