StealthGas Inc. (GASS) to Release Quarterly Earnings on Wednesday
StealthGas Inc. (NASDAQ:GASS) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 23rd. Analysts expect the company to announce earnings of $0.02 per share for the quarter.
StealthGas (NASDAQ:GASS) last released its quarterly earnings data on Thursday, August 25th. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.06. The company earned $35.70 million during the quarter, compared to analyst estimates of $32.86 million. StealthGas had a negative net margin of 2.01% and a positive return on equity of 0.10%. On average, analysts expect StealthGas to post $0.01 EPS for the current fiscal year and $0.24 EPS for the next fiscal year.
StealthGas Inc. (NASDAQ:GASS) opened at 3.65 on Tuesday. The firm has a 50-day moving average of $3.25 and a 200 day moving average of $3.68. StealthGas Inc. has a 1-year low of $2.39 and a 1-year high of $5.18. The firm’s market cap is $145.07 million.
An institutional investor recently raised its position in StealthGas stock. State Street Corp increased its position in shares of StealthGas Inc. (NASDAQ:GASS) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,611 shares of the company’s stock after buying an additional 104 shares during the period. State Street Corp owned about 0.08% of StealthGas worth $127,000 at the end of the most recent reporting period. Institutional investors own 62.82% of the company’s stock.
GASS has been the subject of several research reports. Zacks Investment Research cut shares of StealthGas from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Jefferies Group set a $7.00 price objective on shares of StealthGas and gave the company a “buy” rating in a research report on Wednesday, July 27th. Finally, Barclays PLC lowered their price objective on shares of StealthGas from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Monday, October 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. StealthGas presently has an average rating of “Hold” and a consensus price target of $7.00.
StealthGas Inc is a provider of international seaborne transportation services to liquefied petroleum gas (LPG) producers and users, as well as crude oil and product carriers to oil producers, refineries and commodities traders. The Company owns a fleet of LPG carriers. Its LPG carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas.
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