StealthGas (NASDAQ:GASS) Rating Increased to Buy at Wall Street Zen

StealthGas (NASDAQ:GASS) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of StealthGas in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

StealthGas Trading Up 2.0%

GASS stock opened at $7.01 on Friday. The company has a market capitalization of $260.49 million, a P/E ratio of 4.17 and a beta of 0.22. The business has a 50 day simple moving average of $6.78 and a 200-day simple moving average of $6.81. StealthGas has a twelve month low of $4.90 and a twelve month high of $8.18.

StealthGas (NASDAQ:GASS) last announced its earnings results on Tuesday, November 25th. The shipping company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. StealthGas had a net margin of 35.02% and a return on equity of 9.62%. The business had revenue of $44.53 million for the quarter, compared to analysts’ expectations of $39.20 million. During the same period in the previous year, the company posted $0.33 EPS.

Hedge Funds Weigh In On StealthGas

A number of large investors have recently bought and sold shares of the company. Towerview LLC lifted its stake in shares of StealthGas by 2.9% in the 2nd quarter. Towerview LLC now owns 2,849,929 shares of the shipping company’s stock worth $18,268,000 after acquiring an additional 79,929 shares during the period. Two Sigma Investments LP raised its holdings in StealthGas by 31.3% during the third quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock worth $1,554,000 after purchasing an additional 56,493 shares in the last quarter. UBS Group AG lifted its position in StealthGas by 21.4% in the third quarter. UBS Group AG now owns 260,133 shares of the shipping company’s stock valued at $1,704,000 after purchasing an additional 45,846 shares during the period. WINTON GROUP Ltd purchased a new stake in StealthGas in the 3rd quarter valued at approximately $276,000. Finally, Cubist Systematic Strategies LLC increased its position in StealthGas by 136.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 72,009 shares of the shipping company’s stock worth $407,000 after purchasing an additional 41,497 shares during the period. Hedge funds and other institutional investors own 66.32% of the company’s stock.

StealthGas Company Profile

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.