In a report released today, James Jang from Maxim Group maintained a Buy rating on StealthGas (GASS), with a price target of $5.50. The company’s shares opened today at $3.51.
Jang noted:
“We hosted investor meetings with CEO, Harry Vafias in NYC on March 26, 2019 and following these meetings, we feel confident that StealthGas (GASS) will benefit from a rising market in 2H19.”
According to TipRanks.com, Jang is a 3-star analyst with an average return of 3.0% and a 39.0% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Eagle Bulk Shipping Inc, and Nordic American Tanker.
StealthGas has an analyst consensus of Moderate Buy, with a price target consensus of $4.83.
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Based on StealthGas’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $5.32 million. In comparison, last year the company had a net profit of $748.3K.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GASS in relation to earlier this year.
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StealthGas, Inc. engages in the provision of international energy seaborne transportation services to liquefied petroleum gas sectors. Its owns fleet of vessels that carry petroleum and petrochemical gas products in liquefied form such as propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer.
