UPDATE: Jefferies Lowers PT on StealthGas Following 2Q13 EPS Report
In a report published Wednesday, Jefferies analyst Douglas J. Mavrinac reiterated a Buy rating on StealthGas (NASDAQ: GASS), but lowered the price target from $16.00 to $14.00.
In the report, Jefferies noted, “This morning, StealthGas reported 2Q13 adjusted EPS of $0.16 which was well below Street consensus of $0.26 and our estimate of $0.28. This was primarily due to weaker than expected average TCE charter rates earned during the quarter of $7,391 per day versus our estimate of $8,351 per day. Importantly, all other line items were more or less in-line with expectations.”
StealthGas closed on Tuesday at $9.50.
Latest Ratings for GASS
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jan 2021 | Jefferies | Maintains | Buy | |
| Oct 2018 | Maxim Group | Initiates Coverage On | Buy | |
| Dec 2017 | Jefferies | Assumes | Buy | Buy |
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Posted-In: Douglas J. Mavrinac JefferiesAnalyst Color Price Target Analyst Ratings
