Shares of StealthGas Inc. (NASDAQ:GASS) gapped up prior to trading on Monday . The stock had previously closed at $3.27, but opened at $3.28. StealthGas shares last traded at $3.36, with a volume of 18,044 shares traded.

A number of analysts have recently issued reports on GASS shares. Singular Research initiated coverage on StealthGas in a research note on Friday, April 29th. They issued a “buy” rating and a $7.00 price target on the stock. Jefferies Group lifted their price objective on StealthGas from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, May 26th. Finally, Zacks Investment Research upgraded StealthGas from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. StealthGas presently has an average rating of “Buy” and a consensus target price of $7.50.

The company’s market cap is $133.72 million. The company has a 50-day moving average price of $3.83 and a 200 day moving average price of $3.64.

StealthGas (NASDAQ:GASS) last issued its quarterly earnings data on Wednesday, May 25th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.02. The business had revenue of $36.50 million for the quarter, compared to analyst estimates of $32.25 million. Analysts forecast that StealthGas Inc. will post $0.12 EPS for the current year.

An institutional investor recently raised its position in StealthGas stock. Russell Frank Co boosted its stake in shares of StealthGas Inc. (NASDAQ:GASS) by 5.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 349,042 shares of the company’s stock after buying an additional 17,564 shares during the period. Russell Frank Co owned about 0.85% of StealthGas worth $1,135,000 at the end of the most recent quarter.

StealthGas Inc is a provider of international seaborne transportation services to liquefied petroleum gas (LPG) producers and users, as well as crude oil and product carriers to oil producers, refineries and commodities traders. The Company owns a fleet of LPG carriers. Its LPG carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas.

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