Zacks Investment Research upgraded shares of StealthGas (NASDAQ:GASS) from a sell rating to a hold rating in a research report report published on Monday morning, Zacks.com reports.

According to Zacks, “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. “

Separately, ValuEngine cut shares of StealthGas from a buy rating to a hold rating in a research note on Monday, August 26th.

Shares of GASS stock traded up $0.05 on Monday, reaching $3.36. 16,492 shares of the company were exchanged, compared to its average volume of 44,155. The company has a market cap of $130.41 million, a price-to-earnings ratio of 108.33 and a beta of 1.49. The business has a 50-day moving average price of $3.27 and a 200 day moving average price of $3.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.10 and a current ratio of 1.15. StealthGas has a 1 year low of $2.73 and a 1 year high of $4.18.

StealthGas (NASDAQ:GASS) last released its earnings results on Thursday, August 22nd. The shipping company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $29.94 million during the quarter, compared to analysts’ expectations of $33.79 million. StealthGas had a negative net margin of 2.81% and a positive return on equity of 0.11%. As a group, equities analysts anticipate that StealthGas will post 0.06 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. purchased a new stake in StealthGas during the 2nd quarter valued at about $34,000. Russell Investments Group Ltd. grew its stake in StealthGas by 8.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,241,810 shares of the shipping company’s stock valued at $9,822,000 after acquiring an additional 256,471 shares in the last quarter. Renaissance Technologies LLC grew its stake in StealthGas by 5.6% during the 2nd quarter. Renaissance Technologies LLC now owns 2,087,726 shares of the shipping company’s stock valued at $7,182,000 after acquiring an additional 109,933 shares in the last quarter. Towerview LLC grew its stake in StealthGas by 4.2% during the 3rd quarter. Towerview LLC now owns 604,149 shares of the shipping company’s stock valued at $1,831,000 after acquiring an additional 24,149 shares in the last quarter. Finally, Boston Partners grew its stake in StealthGas by 1.5% during the 2nd quarter. Boston Partners now owns 1,204,487 shares of the shipping company’s stock valued at $4,144,000 after acquiring an additional 18,329 shares in the last quarter. 59.90% of the stock is owned by institutional investors.

About StealthGas

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's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.

Read More: Monthly Dividend Stocks Can Provide Solid Income

Get a free copy of the Zacks research report on StealthGas (GASS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for StealthGas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StealthGas and related companies with MarketBeat.com's FREE daily email newsletter.