Jefferies Group began coverage on shares of StealthGas (NASDAQ:GASS) in a research report released on Monday. The brokerage issued a buy rating and a $7.00 price target on the shipping company’s stock. Jefferies Group also issued estimates for StealthGas’ Q4 2017 earnings at $0.04 EPS, FY2017 earnings at $0.15 EPS and FY2018 earnings at $0.12 EPS.

Separately, Zacks Investment Research raised StealthGas from a sell rating to a hold rating in a report on Tuesday, November 14th.

StealthGas (GASS) opened at $4.06 on Monday. StealthGas has a 52-week low of $2.90 and a 52-week high of $4.78. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.57 and a current ratio of 0.60. The firm has a market capitalization of $160.64, a P/E ratio of 25.19 and a beta of 1.83.

Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. bought a new stake in shares of StealthGas in the 1st quarter worth $114,000. State Street Corp increased its holdings in shares of StealthGas by 16.9% in the 2nd quarter. State Street Corp now owns 41,521 shares of the shipping company’s stock worth $135,000 after purchasing an additional 5,998 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of StealthGas in the 3rd quarter worth $280,000. Macquarie Group Ltd. bought a new stake in shares of StealthGas in the 3rd quarter worth $352,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of StealthGas by 17.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 539,413 shares of the shipping company’s stock worth $1,754,000 after purchasing an additional 80,498 shares in the last quarter. 60.64% of the stock is owned by institutional investors and hedge funds.

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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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