UPDATE: Global Hunter Securities Starts StealthGas (GASS) at Buy

December 18, 2012 7:59 AM EST
Get Alerts GASS Hot Sheet
Price: $3.40 --0%

Rating Summary:
    8 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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(Updated - December 18, 2012 8:37 AM EST)

Global Hunter Securities initiates coverage on StealthGas (NASDAQ: GASS) with a Buy. PT $10.00.

The firm comments, "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."

For an analyst ratings summary and ratings history on StealthGas click here. For more ratings news on StealthGas click here.

Shares of StealthGas closed at $7.68 yesterday.

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