StealthGas Inc. (GASS) Shares Gap Up to $3.40
StealthGas Inc. (NASDAQ:GASS)’s share price gapped up prior to trading on Monday . The stock had previously closed at $3.39, but opened at $3.40. StealthGas shares last traded at $3.44, with a volume of 18,095 shares changing hands.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of StealthGas from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Jefferies Group upped their price objective on shares of StealthGas from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, May 26th. Finally, Singular Research assumed coverage on shares of StealthGas in a research note on Friday, April 29th. They set a “buy” rating and a $7.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.25.
The firm has a 50 day moving average of $3.46 and a 200 day moving average of $3.74. The company’s market cap is $138.92 million.
StealthGas (NASDAQ:GASS) last released its quarterly earnings data on Wednesday, May 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.02. The business earned $36.50 million during the quarter, compared to analysts’ expectations of $32.25 million. On average, equities research analysts anticipate that StealthGas Inc. will post $0.11 EPS for the current fiscal year.
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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