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

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

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

StealthGas Trading Up 2.0%

Shares of NASDAQ GASS opened at $7.01 on Friday. The stock has a market cap of $260.49 million, a P/E ratio of 4.17 and a beta of 0.22. The business’s fifty day simple moving average is $6.78 and its 200-day simple moving average is $6.81. StealthGas has a 12-month low of $4.90 and a 12-month high of $8.18.

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

Hedge Funds Weigh In On StealthGas

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in StealthGas by 701.2% during the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock worth $58,000 after purchasing an additional 8,982 shares in the last quarter. Jump Financial LLC acquired a new stake in StealthGas during the 1st quarter worth $63,000. Nipun Capital L.P. purchased a new stake in StealthGas in the second quarter valued at $90,000. Jane Street Group LLC purchased a new stake in StealthGas in the second quarter valued at $91,000. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of StealthGas during the second quarter worth about $103,000. 66.32% of the stock is owned by institutional investors and hedge funds.

About StealthGas

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.