StealthGas (NASDAQ:GASS) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of StealthGas (NASDAQ:GASSGet Rating) in a research note issued on Wednesday. The brokerage set a “buy” rating on the shipping company’s stock.

Separately, Zacks Investment Research lowered StealthGas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 29th.

GASS stock opened at $2.26 on Wednesday. The firm has a market cap of $85.56 million, a PE ratio of -2.43 and a beta of 1.26. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 0.81. StealthGas has a one year low of $1.91 and a one year high of $3.28. The firm’s 50 day moving average price is $2.32 and its 200-day moving average price is $2.36.

StealthGas (NASDAQ:GASSGet Rating) last announced its earnings results on Tuesday, March 8th. The shipping company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $31.26 million during the quarter, compared to analysts’ expectations of $30.06 million. StealthGas had a negative net margin of 23.38% and a positive return on equity of 1.75%. Equities research analysts predict that StealthGas will post 0.47 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Marshall Wace LLP purchased a new stake in shares of StealthGas during the fourth quarter worth $128,000. Morgan Stanley increased its position in shares of StealthGas by 2,023.0% during the third quarter. Morgan Stanley now owns 45,241 shares of the shipping company’s stock worth $121,000 after acquiring an additional 43,110 shares during the period. Geode Capital Management LLC increased its position in shares of StealthGas by 12.2% during the third quarter. Geode Capital Management LLC now owns 39,172 shares of the shipping company’s stock worth $104,000 after acquiring an additional 4,250 shares during the period. Millennium Management LLC purchased a new stake in shares of StealthGas during the fourth quarter worth $30,000. Finally, Grant GrossMendelsohn LLC increased its position in shares of StealthGas by 94.3% during the first quarter. Grant GrossMendelsohn LLC now owns 20,600 shares of the shipping company’s stock worth $50,000 after acquiring an additional 10,000 shares during the period. 52.82% of the stock is currently owned by institutional investors and hedge funds.

StealthGas Company Profile (Get Rating)

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally. It also provides crude oil and product carriers chartered to oil producers, refiners, and commodities traders. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.

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