Stock On Watch: Time to Buy StealthGas Inc. After Today’s Significant Increase?

Stock On Watch: Time to Buy StealthGas Inc. After Today's Significant Increase?

The stock of StealthGas Inc. (NASDAQ:GASS) is a huge mover today! The stock increased 3.82% or $0.13 on November 29, hitting $3.53. About 70,393 shares traded hands or 61.01% up from the average. StealthGas Inc. (NASDAQ:GASS) has declined 15.42% since April 26, 2016 and is downtrending. It has underperformed by 20.68% the S&P500.
The move comes after 5 months positive chart setup for the $144.30 million company. It was reported on Nov, 29 by Barchart.com. We have $3.64 PT which if reached, will make NASDAQ:GASS worth $4.33M more.

StealthGas Inc. (NASDAQ:GASS) Ratings Coverage

Out of 4 analysts covering Stealthgas (NASDAQ:GASS), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Stealthgas has been the topic of 6 analyst reports since October 23, 2015 according to StockzIntelligence Inc. Barclays Capital downgraded StealthGas Inc. (NASDAQ:GASS) on Monday, January 11 to “Equal Weight” rating. The stock of StealthGas Inc. (NASDAQ:GASS) earned “Buy” rating by Deutsche Bank on Monday, January 4. On Wednesday, July 27 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Buy” rating on Friday, April 29 by Singular Research.

According to Zacks Investment Research, “StealthGas Inc is a provider of international seaborne transportation services to LPG producers and users. The Company’s vessels carry various petroleum and petrochemical gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of oil and natural gas. These products are transported in liquefied form in order to reduce their volume and to facilitate their handling. Transportation by sea represents a major element of gas transportation logistics. LPG products have a variety of both industrial and other uses, including transportation, fertilizer production, the manufacture of plastics, space heating, cooking, water heating and process heating. We serve industrial companies, as well as national and independent energy companies and energy traders.”

More news for StealthGas Inc. (NASDAQ:GASS) were recently published by: Reuters.com, which released: “BRIEF-StealthGas Inc. Q3 loss per share $0.06” on November 29, 2016. Quotes.Wsj.com‘s article titled: “StealthGas Inc. GASS (US: Nasdaq)” and published on February 12, 2011 is yet another important article.

GASS Company Profile

StealthGas Inc., incorporated on December 1, 2004, is a well-known 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 Firm owns a fleet of LPG carriers.

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