StealthGas Inc. (NASDAQ:GASS) shares rose 11.1% during trading on Friday . The company traded as high as $3.60 and last traded at $3.60, with a volume of 95,002 shares. The stock had previously closed at $3.24.

GASS has been the topic of a number of research analyst reports. Zacks Investment Research raised StealthGas from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. Jefferies Group increased their target price on StealthGas from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, May 26th. Finally, Singular Research initiated coverage on StealthGas in a report on Friday, April 29th. They set a “buy” rating and a $7.00 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. StealthGas has an average rating of “Hold” and a consensus price target of $7.25.

The firm has a 50 day moving average price of $3.72 and a 200 day moving average price of $3.65. The company’s market cap is $142.52 million.

StealthGas (NASDAQ:GASS) last posted its earnings results on Wednesday, May 25th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business earned $36.50 million during the quarter, compared to the consensus estimate of $32.25 million. On average, equities analysts predict that StealthGas Inc. will post $0.11 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in StealthGas stock. Russell Frank Co increased its stake in shares of StealthGas Inc. (NASDAQ:GASS) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,042 shares of the company’s stock after buying an additional 17,564 shares during the period. Russell Frank Co owned 0.85% of StealthGas worth $1,135,000 at the end of the most recent reporting period.

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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