StealthGas (NASDAQ:GASS) Lifted to “Buy” at ValuEngine

StealthGas (NASDAQ:GASS) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, May 29th.

Several other research firms have also recently issued reports on GASS. Zacks Investment Research cut shares of StealthGas from a “buy” rating to a “hold” rating in a research note on Thursday, April 19th. TheStreet upgraded shares of StealthGas from a “d” rating to a “c-” rating in a research note on Tuesday, February 27th.

StealthGas remained flat at $$3.85 on Tuesday, according to MarketBeat.com. 16,700 shares of the company’s stock traded hands, compared to its average volume of 55,605. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.79 and a current ratio of 0.84. StealthGas has a twelve month low of $2.90 and a twelve month high of $4.70. The firm has a market cap of $156.65 million, a PE ratio of 27.50 and a beta of 1.53.

StealthGas (NASDAQ:GASS) last posted its earnings results on Thursday, May 24th. The shipping company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.11). StealthGas had a negative net margin of 5.77% and a positive return on equity of 0.24%. The firm had revenue of $39.70 million during the quarter, compared to analyst estimates of $37.79 million. sell-side analysts forecast that StealthGas will post 0.05 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of GASS. Russell Investments Group Ltd. lifted its stake in shares of StealthGas by 45.9% in the 1st quarter. Russell Investments Group Ltd. now owns 2,980,322 shares of the shipping company’s stock valued at $11,951,000 after purchasing an additional 937,622 shares during the period. Royce & Associates LP increased its holdings in StealthGas by 9.9% in the 4th quarter. Royce & Associates LP now owns 2,126,056 shares of the shipping company’s stock worth $9,270,000 after acquiring an additional 191,600 shares in the last quarter. Renaissance Technologies LLC increased its holdings in StealthGas by 5.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,732,232 shares of the shipping company’s stock worth $7,553,000 after acquiring an additional 83,732 shares in the last quarter. Bailard Inc. purchased a new stake in StealthGas in the 1st quarter worth $197,000. Finally, Boston Partners increased its holdings in StealthGas by 2.3% in the 4th quarter. Boston Partners now owns 2,038,540 shares of the shipping company’s stock worth $8,888,000 after acquiring an additional 45,460 shares in the last quarter. Hedge funds and other institutional investors own 61.77% of the company’s stock.

About StealthGas

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. It also provides crude oil and product carriers chartered to oil producers, refiners, and commodities traders. The company carries various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals; and crude oil.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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