Begins Coverage on StealthGas (NASDAQ:GASS) initiated coverage on shares of StealthGas (NASDAQ:GASSGet Rating) in a note issued to investors on Friday. The brokerage set a “buy” rating on the shipping company’s stock.

Several other analysts also recently weighed in on GASS. Jefferies Financial Group began coverage on shares of StealthGas in a report on Wednesday, April 27th. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of StealthGas from a “hold” rating to a “strong-buy” rating and set a $2.75 target price for the company in a report on Friday, April 29th.

Shares of NASDAQ GASS opened at $2.36 on Friday. The company has a 50 day simple moving average of $2.40 and a 200-day simple moving average of $2.35. The company has a market capitalization of $90.16 million, a P/E ratio of -2.54 and a beta of 1.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.81 and a quick ratio of 0.76. StealthGas has a 1 year low of $1.91 and a 1 year high of $3.28.

StealthGas (NASDAQ:GASSGet Rating) last posted its earnings results on Tuesday, March 8th. The shipping company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). StealthGas had a negative net margin of 23.38% and a positive return on equity of 1.75%. The company had revenue of $31.26 million during the quarter, compared to analyst estimates of $30.06 million. As a group, research analysts expect that StealthGas will post 0.52 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of StealthGas by 12.2% during the 3rd quarter. Geode Capital Management LLC now owns 39,172 shares of the shipping company’s stock worth $104,000 after purchasing an additional 4,250 shares during the last quarter. Grant GrossMendelsohn LLC lifted its position in StealthGas by 94.3% in the first quarter. Grant GrossMendelsohn LLC now owns 20,600 shares of the shipping company’s stock valued at $50,000 after acquiring an additional 10,000 shares during the last quarter. DGS Capital Management LLC purchased a new stake in StealthGas in the fourth quarter valued at $30,000. Millennium Management LLC purchased a new stake in StealthGas in the fourth quarter valued at $30,000. Finally, Two Sigma Securities LLC purchased a new stake in StealthGas in the third quarter valued at $44,000. 48.92% of the stock is 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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