StealthGas EPS Estimated Cut at Jefferies Group (GASS)
Investment analysts at Jefferies Group cut their earnings per share (EPS) estimates on shares of StealthGas (NASDAQ:GASS) in a note issued to investors on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating and a $14.00 price target on the company’s shares. They previously had a $16.00 price target on the stock. Jefferies Group’s price objective indicates a potential upside of 63.36% from the stock’s previous close.
The analysts wrote, “This morning, StealthGas reported 2Q13 adjusted EPS of $0.16 which was well below Street consensus of $0.26 and our estimate of $0.28. This was primarily due to weaker than expected average TCE charter rates earned during the quarter of $7,391 per day versus our estimate of $8,351 per day. Importantly, all other line items were more or less in-line with expectations.”
StealthGas (NASDAQ:GASS) traded up 1.87% during mid-day trading on Wednesday, hitting $8.73. The stock had a trading volume of 259,785 shares. StealthGas has a 52 week low of $5.34 and a 52 week high of $12.10. The stock’s 50-day moving average is $10.14 and its 200-day moving average is $10.43. The company has a market cap of $179.4 million and a price-to-earnings ratio of 6.30.
StealthGas (NASDAQ:GASS) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.10. The company had revenue of $30.30 million for the quarter, compared to the consensus estimate of $30.34 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. Analysts expect that StealthGas will post $1.10 EPS for the current fiscal year.
A number of other firms have also recently commented on GASS. Analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of StealthGas in a research note to investors on Tuesday, June 18th. Separately, analysts at Zacks upgraded shares of StealthGas from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, June 17th. They now have a $10.80 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of StealthGas in a research note to investors on Thursday, May 30th. They set a “buy” rating and a $14.00 price target on the stock.
Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. StealthGas has a consensus rating of “Buy” and an average target price of $12.56.
StealthGas Inc (NASDAQ:GASS) owns a fleet of liquefied petroleum gas (LPG) carriers providing international seaborne transportation services to LPG producers and users, as well as product carriers chartered to oil producers and refiners.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.