Jefferies Group Weighs in on StealthGas, Inc.’s Q3 2017 Earnings (GASS)
StealthGas, Inc. (NASDAQ:GASS) – Analysts at Jefferies Group dropped their Q3 2017 earnings estimates for StealthGas in a research report issued on Thursday. Jefferies Group analyst D. Mavrinac now anticipates that the shipping company will post earnings per share of $0.06 for the quarter, down from their previous estimate of $0.07. Jefferies Group also issued estimates for StealthGas’ Q4 2017 earnings at $0.05 EPS, FY2017 earnings at $0.21 EPS and FY2018 earnings at $0.18 EPS.
StealthGas (NASDAQ:GASS) last released its quarterly earnings results on Thursday, August 24th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The business had revenue of $39.27 million during the quarter, compared to the consensus estimate of $36.32 million. StealthGas had a positive return on equity of 0.44% and a negative net margin of 4.41%.
Separately, Zacks Investment Research downgraded StealthGas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th.
Shares of StealthGas (GASS) opened at 3.67 on Friday. StealthGas has a 1-year low of $2.65 and a 1-year high of $4.78. The company’s market capitalization is $146.07 million. The company has a 50-day moving average price of $3.35 and a 200 day moving average price of $3.27.
Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. purchased a new stake in StealthGas in the first quarter worth $114,000. State Street Corp increased its position in StealthGas by 16.9% in the second quarter. State Street Corp now owns 41,521 shares of the shipping company’s stock worth $135,000 after buying an additional 5,998 shares during the last quarter. Gagnon Securities LLC increased its position in StealthGas by 9.8% in the second quarter. Gagnon Securities LLC now owns 155,524 shares of the shipping company’s stock worth $505,000 after buying an additional 13,839 shares during the last quarter. Towerview LLC increased its position in StealthGas by 33.3% in the second quarter. Towerview LLC now owns 200,000 shares of the shipping company’s stock worth $650,000 after buying an additional 50,000 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in StealthGas by 17.5% in the second quarter. Russell Investments Group Ltd. now owns 539,413 shares of the shipping company’s stock worth $1,754,000 after buying an additional 80,498 shares during the last quarter. 67.87% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for StealthGas Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StealthGas Inc. and related companies with MarketBeat.com's FREE daily email newsletter.