Zacks Downgrades StealthGas to Underperform (GASS)
StealthGas (NASDAQ:GASS) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Friday. They currently have a $9.20 target price on the stock. Zacks‘s price target indicates a potential downside of 5.45% from the stock’s previous close.
StealthGas (NASDAQ:GASS) traded up 0.41% on Friday, hitting $9.77. The stock had a trading volume of 64,424 shares. StealthGas has a 52-week low of $8.63 and a 52-week high of $13.00. The stock has a 50-day moving average of $10.43 and a 200-day moving average of $10.69. The company has a market cap of $425.0 million and a P/E ratio of 13.76.
StealthGas (NASDAQ:GASS) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.05. The company had revenue of $31.90 million for the quarter. On average, analysts predict that StealthGas will post $0.80 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in 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. 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $13.53.
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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