StealthGas (GASS) Announces Quarterly Results
StealthGas (NASDAQ:GASS) posted its quarterly earnings results on Thursday. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.05, American Banking News.com reports. The company had revenue of $31.90 million for the quarter, compared to the consensus estimate of $32.74 million.
Several analysts have recently commented on the stock. Analysts at Evercore Partners downgraded shares of StealthGas from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 18th. On the ratings front, 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $13.83.
Shares of StealthGas (NASDAQ:GASS) opened at 9.67 on Thursday. StealthGas has a 1-year low of $8.60 and a 1-year high of $13.00. The stock’s 50-day moving average is $10.47 and its 200-day moving average is $10.69. The company has a market cap of $420.7 million and a price-to-earnings ratio of 13.68.
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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