StealthGas Receives Average Recommendation of “Buy” from Analysts (NASDAQ:GASS)
StealthGas (NASDAQ:GASS) has been given an average recommendation of “Buy” by the nine ratings firms that are covering the stock, AR Network reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.83.
A number of research firms have recently commented on GASS. 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. Separately, 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.
StealthGas (NASDAQ:GASS) opened at 9.77 on Friday. StealthGas has a 52 week low of $8.63 and a 52 week high of $13.00. The stock’s 50-day moving average is $10.43 and its 200-day moving average is $10.69. The company has a market cap of $425.0 million and a price-to-earnings ratio of 13.76.
StealthGas (NASDAQ:GASS) last announced its earnings results on Thursday, August 28th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.05. The company had revenue of $31.90 million for the quarter. Analysts expect that StealthGas will post $0.80 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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