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StealthGas (NASDAQ:GASS) was downgraded by investment analysts at Evercore Partners from an “overweight” rating to an “equal weight” rating in a note issued to investors on Monday.

StealthGas (NASDAQ:GASS) traded down 3.12% during mid-day trading on Monday, hitting $9.93. 185,579 shares of the company’s stock traded hands. StealthGas has a 52-week low of $7.30 and a 52-week high of $13.00. The stock has a 50-day moving average of $10.80 and a 200-day moving average of $10.69. The company has a market cap of $432.0 million and a price-to-earnings ratio of 14.50.

StealthGas (NASDAQ:GASS) last issued its quarterly earnings data 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. On average, analysts predict that StealthGas will post $0.87 earnings per share for the current fiscal year.

A number of other firms have also recently commented on GASS. Analysts at Zacks upgraded shares of StealthGas from an “underperform” rating to a “neutral” rating in a research note on Monday, July 28th. They now have a $11.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of StealthGas from $14.00 to $17.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Finally, analysts at MLV & Co
initiated coverage on shares of StealthGas in a research note on Wednesday, May 28th. They set a “buy” rating and a $14.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $13.83.

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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