Sun. Jul 14th, 2024 upgrades StealthGas (NASDAQ:GASS) to Strong-Buy

By Vaseline May26,2024

StealthGas (NASDAQ:GASS – Get a Free Report) was upgraded from a “buy” rating to a “strong buy” rating by stock analysts at in a research note issued Friday.

StealthGas Price Performance

Shares of GASS opened at $7.37 on Friday. The company has a quick ratio of 3.07, a current ratio of 3.12 and a debt-to-equity ratio of 0.19. The stock has a market cap of $266.35 million, a price-to-earnings ratio of 5.19 and a beta of 0.77. StealthGas has a 12-month low of $3.03 and a 12-month high of $7.98. The company has a 50-day simple moving average of $6.23 and a two-hundred-day simple moving average of $6.50.

StealthGas (NASDAQ:GASS – Get Free Report) posted its latest quarterly results on Wednesday, February 21. The shipping company reported earnings per share of $0.29 for the quarter. StealthGas had a net margin of 35.95% and a return on equity of 9.28%. The company had revenue of $30.83 million for the quarter.

Institutional investors are considering StealthGas

A number of major investors have recently bought and sold shares of the stock. Jump Financial LLC bought a new stake in shares of StealthGas in the 3rd quarter valued at $166,000. The New York State Common Retirement Fund bought a new position in StealthGas in the third quarter worth about $57,000. Dorsey Wright & Associates bought a new position in StealthGas worth $25,000 in the third quarter. Janney Montgomery Scott LLC purchased a new position in shares of StealthGas during the third quarter valued at approximately $381,000. Finally, Consolidated Portfolio Review Corp bought a new stake in StealthGas in the fourth quarter worth approximately $399,000. 66.32% of the shares are currently held by institutional investors and hedge funds.

StealthGas Company Profile

(Get a free report)

StealthGas Inc, together with its subsidiaries, provides ocean transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company’s carriers transport various petroleum gas products in liquid form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, heating oil and jet fuel; and edible oils and chemicals.

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