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UPDATE: Global Hunter Securities Initiates StealthGas at Buy on Outlook for LPG Vessels

Related GASS
Earnings Scheduled For August 25, 2016
Earnings Scheduled For May 25, 2016

Global Hunter Securities initiated coverage on StealthGas (NASDAQ: GASS) with a Buy rating and a $10 price target.

Global Hunter Securities commented, "StealthGas (GASS) is a top operator of small liquid petroleum gas (LPG) vessels, which we believe is a niche sector with an attractive supply/demand outlook. Furthermore, GASS' higher charter coverage and strong balance sheet should support continued fleet growth and modernization. At only 0.64x NAV and 7.0x EV/EBITDA (2013E), we believe that GASS is quite attractive at this level. We initiate coverage with a Buy rating and $10 price target."

StealthGas closed at $7.68 on Monday.

Latest Ratings for GASS

Jul 2016JefferiesMaintainsBuy
Jan 2016JefferiesMaintainsBuy
Jan 2016BarclaysDowngradesOverweightEqual-weight

View More Analyst Ratings for GASS
View the Latest Analyst Ratings

Posted-In: Global Hunter SecuritiesAnalyst Color Initiation Pre-Market Outlook Analyst Ratings


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