StealthGas Inc. (GASS) Trading 11.1% Higher
Shares of StealthGas Inc. (NASDAQ:GASS) traded up 11.1% during trading on Friday . The stock traded as high as $3.60 and last traded at $3.60, with a volume of 95,002 shares trading hands. The stock had previously closed at $3.24.
Several analysts have recently commented on the stock. Jefferies Group raised their price objective on shares of StealthGas from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, May 26th. Zacks Investment Research downgraded shares of StealthGas from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Singular Research assumed coverage on shares of StealthGas in a research report on Friday, April 29th. They set a “buy” rating and a $7.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. StealthGas currently has a consensus rating of “Hold” and an average price target of $7.25.
The firm’s 50-day moving average is $3.74 and its 200-day moving average is $3.64. The company’s market capitalization is $142.52 million.
StealthGas (NASDAQ:GASS) last released its earnings results 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 the consensus estimate of $32.25 million. Equities analysts predict that StealthGas Inc. will post $0.11 EPS for the current fiscal year.
A hedge fund recently raised its stake in StealthGas stock. Russell Frank Co increased its stake in StealthGas Inc. (NASDAQ:GASS) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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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