StealthGas (NASDAQ:GASS) Upgraded to “Buy” by ValuEngine

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

Several other research firms have also recently issued reports on GASS. Zacks Investment Research cut StealthGas from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. TheStreet raised StealthGas from a “d” rating to a “c-” rating in a research report on Tuesday, February 27th.

Shares of GASS traded up $0.10 during mid-day trading on Tuesday, reaching $3.91. The company had a trading volume of 1,744 shares, compared to its average volume of 47,012. The stock has a market cap of $154.26 million, a P/E ratio of 27.93 and a beta of 1.53. StealthGas has a 52 week low of $2.90 and a 52 week high of $4.70. The company has a quick ratio of 0.79, a current ratio of 0.84 and a debt-to-equity ratio of 0.71.

StealthGas (NASDAQ:GASS) last released its quarterly earnings data 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). The business had revenue of $39.70 million during the quarter, compared to the consensus estimate of $37.79 million. StealthGas had a negative net margin of 5.77% and a positive return on equity of 0.24%. equities analysts anticipate that StealthGas will post 0.05 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. ClariVest Asset Management LLC bought a new position in shares of StealthGas during the 1st quarter valued at $118,000. Bailard Inc. bought a new position in shares of StealthGas during the 1st quarter valued at $197,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of StealthGas by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,631,158 shares of the shipping company’s stock valued at $6,574,000 after buying an additional 18,361 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of StealthGas by 5.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,732,232 shares of the shipping company’s stock valued at $7,553,000 after buying an additional 83,732 shares during the period. Finally, Boston Partners lifted its holdings in shares of StealthGas by 2.3% during the 4th quarter. Boston Partners now owns 2,038,540 shares of the shipping company’s stock valued at $8,888,000 after buying an additional 45,460 shares during the period. 61.77% of the stock is currently owned by institutional investors and hedge funds.

StealthGas Company Profile

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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