StealthGas (GASS) Receives Price Target

StealthGas (GASS) : The highest level StealthGas (GASS) is projected to reach is $7 for the short term and the lowest estimate is at $5. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $5.67 and the possibility the share price can swing is $1.15.

StealthGas (GASS) : The consensus on StealthGas (GASS) based on 4 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Equity Analysts at the Jefferies maintains the rating on StealthGas (NASDAQ:GASS). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $8 per share to $7 per share. The rating by the firm was issued on July 27, 2016.

StealthGas (NASDAQ:GASS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.58 and $3.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.70, notching a gain of 4.52% for the day. The total traded volume was 9,439 . The stock had closed at $3.54 on the previous day.

StealthGas Inc. is a shipping transportation company specialized in the transportation of various petroleum and petrochemical gas products in liquefied form. The Company owns a fleet of liquefied petroleum gas (LPG)carriers providing international seaborne transportation services to LPG producers and users, as well as crude oil and product carriers chartered to oil producers, refiners and commodities traders. The Companys 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. The three medium range product carriers in its fleet are capable of carrying refined petroleum products, such as gasoline, diesel, fuel oil and jet fuel, as well as edible oils and chemicals, while its Aframax tanker is used for carrying crude oil. The Companys fleet consists of approximately 43 LPG carriers.

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