StealthGas Inc. (NASDAQ:GASS) had its price objective cut by Barclays PLC from $5.00 to $4.00 in a research note issued to investors on Monday. They currently have an equal weight rating on the stock.
Several other analysts also recently commented on GASS. Zacks Investment Research downgraded shares of StealthGas from a hold rating to a sell rating in a research report on Tuesday, July 26th. Jefferies Group set a $7.00 target price on StealthGas and gave the stock a buy rating in a report on Wednesday, July 27th. 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. The company presently has a consensus rating of Hold and an average price target of $7.00.
Shares of StealthGas (NASDAQ:GASS) traded up 0.86% during trading on Monday, reaching $3.51. 14,103 shares of the company were exchanged. The firm’s 50 day moving average price is $3.47 and its 200 day moving average price is $3.82. StealthGas has a one year low of $2.39 and a one year high of $5.18. The company’s market capitalization is $139.51 million.
StealthGas (NASDAQ:GASS) last released its earnings results on Thursday, August 25th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.06. The firm had revenue of $35.70 million for the quarter, compared to analyst estimates of $32.86 million. StealthGas had a negative net margin of 2.01% and a positive return on equity of 0.10%. Equities research analysts forecast that StealthGas will post $0.04 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in shares of StealthGas by 0.3% in the second quarter. State Street Corp now owns 33,611 shares of the company’s stock worth $127,000 after buying an additional 104 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of StealthGas during the second quarter valued at $1,581,000. Robotti Robert boosted its position in shares of StealthGas by 60.0% in the first quarter. Robotti Robert now owns 506,619 shares of the company’s stock valued at $1,788,000 after buying an additional 189,969 shares during the period. California Public Employees Retirement System boosted its position in shares of StealthGas by 7.3% in the second quarter. California Public Employees Retirement System now owns 586,400 shares of the company’s stock valued at $2,217,000 after buying an additional 40,100 shares during the period. Finally, Royce & Associates LP boosted its position in shares of StealthGas by 1.7% in the first quarter. Royce & Associates LP now owns 1,764,367 shares of the company’s stock valued at $6,228,000 after buying an additional 30,195 shares during the period. Institutional investors own 62.98% of the company’s stock.
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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