StealthGas Inc. (NASDAQ:GASS) had its target price decreased by Barclays PLC from $5.00 to $4.00 in a report released on Monday morning. Barclays PLC currently has an equal weight rating on the stock.
Several other brokerages have also recently weighed in on GASS. Jefferies Group set a $7.00 price objective on shares of StealthGas and gave the stock a buy rating in a research note on Wednesday, July 27th. Zacks Investment Research cut shares of StealthGas from a hold rating to a sell rating in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $7.00.
StealthGas (NASDAQ:GASS) opened at 3.43 on Monday. StealthGas has a 52 week low of $2.39 and a 52 week high of $5.18. The firm has a 50-day moving average of $3.47 and a 200-day moving average of $3.82. The company’s market capitalization is $136.33 million.
StealthGas (NASDAQ:GASS) last issued its quarterly earnings data on Thursday, August 25th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by $0.06. StealthGas had a positive return on equity of 0.10% and a negative net margin of 2.01%. The business earned $35.70 million during the quarter, compared to analyst estimates of $32.86 million. Equities analysts expect that StealthGas will post $0.01 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of StealthGas by 0.3% in the second quarter. State Street Corp now owns 33,611 shares of the company’s stock valued at $127,000 after buying an additional 104 shares during the last quarter. Royce & Associates LP boosted its position in shares of StealthGas by 1.7% in the first quarter. Royce & Associates LP now owns 1,764,367 shares of the company’s stock valued at $6,228,000 after buying an additional 30,195 shares during the last quarter. California Public Employees Retirement System boosted its position in StealthGas by 7.3% in the second quarter. California Public Employees Retirement System now owns 586,400 shares of the company’s stock worth $2,217,000 after buying an additional 40,100 shares in the last quarter. Robotti Robert boosted its position in StealthGas by 24.8% in the second quarter. Robotti Robert now owns 632,069 shares of the company’s stock worth $2,389,000 after buying an additional 125,450 shares in the last quarter. Finally, FMR LLC boosted its position in StealthGas by 11.5% in the second quarter. FMR LLC now owns 3,834,634 shares of the company’s stock worth $14,495,000 after buying an additional 395,989 shares in the last quarter. Institutional investors own 62.98% of the company’s stock.
StealthGas Inc is a provider of international seaborne transportation services to liquefied petroleum gas (LPG) producers and users, as well as crude oil and product carriers to oil producers, refineries and commodities traders. The Company owns a fleet of LPG carriers. Its LPG carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas.
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