Zacks Investment Research Lowers StealthGas (NASDAQ:GASS) to Sell

Zacks Investment Research lowered shares of StealthGas (NASDAQ:GASS) from a hold rating to a sell rating in a research report report published on Tuesday 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. “

NASDAQ:GASS opened at $2.25 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.81 and a quick ratio of 0.76. StealthGas has a fifty-two week low of $2.07 and a fifty-two week high of $3.32. The stock’s 50-day moving average is $2.43 and its two-hundred day moving average is $2.57. The stock has a market cap of $85.19 million, a PE ratio of 32.14 and a beta of 1.37.

StealthGas (NASDAQ:GASS) last released its earnings results on Wednesday, December 8th. The shipping company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. StealthGas had a return on equity of 1.45% and a net margin of 1.89%. The company had revenue of $32.96 million for the quarter, compared to analysts’ expectations of $31.79 million. During the same quarter in the previous year, the business posted $0.08 EPS. On average, equities research analysts anticipate that StealthGas will post 0.16 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Group One Trading L.P. bought a new stake in shares of StealthGas in the 2nd quarter valued at approximately $32,000. Susquehanna International Group LLP grew its stake in shares of StealthGas by 45.1% in the 2nd quarter. Susquehanna International Group LLP now owns 39,573 shares of the shipping company’s stock valued at $112,000 after buying an additional 12,303 shares in the last quarter. Towerview LLC grew its stake in shares of StealthGas by 8.2% in the 3rd quarter. Towerview LLC now owns 1,250,102 shares of the shipping company’s stock valued at $3,350,000 after buying an additional 94,502 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of StealthGas by 12.2% in the 3rd quarter. Geode Capital Management LLC now owns 39,172 shares of the shipping company’s stock valued at $104,000 after buying an additional 4,250 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of StealthGas by 2,023.0% in the 3rd quarter. Morgan Stanley now owns 45,241 shares of the shipping company’s stock valued at $121,000 after buying an additional 43,110 shares in the last quarter. 50.96% of the stock is currently owned by institutional investors.

StealthGas Company Profile

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.

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