StealthGas Inc. (GASS) Given New $4.00 Price Target at Barclays PLC
StealthGas Inc. (NASDAQ:GASS) had its price target cut by investment analysts at Barclays PLC from $5.00 to $4.00 in a report issued on Monday. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s target price points to a potential upside of 15.27% from the stock’s previous close.
A number of other equities analysts also recently weighed in on GASS. Zacks Investment Research downgraded StealthGas from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Jefferies Group set a $7.00 price target on StealthGas and gave the stock a “buy” rating in a research report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $7.00.
Shares of StealthGas (NASDAQ:GASS) traded up 3.026% on Monday, reaching $3.575. The company’s stock had a trading volume of 3,720 shares. StealthGas has a 1-year low of $2.39 and a 1-year high of $5.18. The stock’s market cap is $142.09 million. The company’s 50 day moving average is $3.47 and its 200-day moving average is $3.82.
StealthGas (NASDAQ:GASS) last announced its quarterly earnings results on Thursday, August 25th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.06. The business had revenue of $35.70 million for the quarter, compared to analyst estimates of $32.86 million. StealthGas had a positive return on equity of 0.10% and a negative net margin of 2.01%. On average, equities analysts predict that StealthGas will post $0.04 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. State Street Corp increased its position in 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. Emerald Acquisition Ltd. purchased a new position in StealthGas during the second quarter valued at approximately $1,581,000. Robotti Robert increased its position in StealthGas by 60.0% in the first quarter. Robotti Robert now owns 506,619 shares of the company’s stock valued at $1,788,000 after buying an additional 189,969 shares during the last quarter. California Public Employees Retirement System increased 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 valued at $2,217,000 after buying an additional 40,100 shares during the last quarter. Finally, Royce & Associates LP increased its position in 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. 62.98% of the stock is currently owned by institutional investors.
StealthGas Company Profile
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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