StealthGas Inc. Forecasted to Post FY2017 Earnings of $0.15 Per Share (GASS)
StealthGas Inc. (NASDAQ:GASS) – Investment analysts at Jefferies Group issued their FY2017 earnings per share estimates for shares of StealthGas in a research report issued on Monday. Jefferies Group analyst R. Giveans forecasts that the shipping company will post earnings of $0.15 per share for the year. Jefferies Group has a “Buy” rating and a $7.00 price target on the stock. Jefferies Group also issued estimates for StealthGas’ Q4 2017 earnings at $0.04 EPS and FY2018 earnings at $0.12 EPS.
Separately, Zacks Investment Research lowered shares of StealthGas from a “hold” rating to a “sell” rating in a research note on Friday, October 20th.
A number of hedge funds have recently made changes to their positions in GASS. State Street Corp grew its stake 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 acquiring an additional 5,998 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of StealthGas by 65.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 46,953 shares of the shipping company’s stock worth $153,000 after buying an additional 18,495 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of StealthGas by 1.2% in the 2nd quarter. Royce & Associates LP now owns 1,897,956 shares of the shipping company’s stock worth $6,168,000 after buying an additional 22,900 shares during the last quarter. Robotti Robert boosted its holdings in shares of StealthGas by 4.9% in the 2nd quarter. Robotti Robert now owns 857,344 shares of the shipping company’s stock worth $2,623,000 after buying an additional 39,659 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted 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 buying an additional 80,498 shares during the last quarter. Institutional investors and hedge funds own 60.64% of the company’s stock.
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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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