StealthGas Coverage Initiated by Analysts at MLV & Co (GASS)
Research analysts at MLV & Co
assumed coverage on shares of StealthGas (NASDAQ:GASS) in a report released on Wednesday. The firm set a “buy” rating and a $14.00 price target on the stock. MLV & Co
‘s price objective would indicate a potential upside of 32.83% from the stock’s previous close.
A number of other firms have also recently commented on GASS. Analysts at Deutsche Bank cut their price target on shares of StealthGas from $15.00 to $14.00 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock. Separately, analysts at TheStreet upgraded shares of StealthGas from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $13.39.
Shares of StealthGas (NASDAQ:GASS) traded up 1.52% on Wednesday, hitting $10.70. 18,198 shares of the company’s stock traded hands. StealthGas has a 1-year low of $5.34 and a 1-year high of $13.00. The stock has a 50-day moving average of $10.70 and a 200-day moving average of $10.79. The company has a market cap of $361.1 million and a price-to-earnings ratio of 14.91.
StealthGas (NASDAQ:GASS) last announced its earnings results on Thursday, May 22nd. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.01. The company had revenue of $33.90 million for the quarter, compared to the consensus estimate of $32.23 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. Analysts expect that StealthGas will post $0.88 EPS for the current fiscal year.
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.
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