StealthGas Inc. (GASS) Forecasted to Earn FY2017 Earnings of $0.16 Per Share

StealthGas Inc. (NASDAQ:GASS) – Equities researchers at Jefferies Group upped their FY2017 earnings estimates for shares of StealthGas in a research report issued to clients and investors on Friday. Jefferies Group analyst R. Giveans now forecasts that the shipping company will post earnings per share of $0.16 for the year, up from their prior forecast of $0.15. Jefferies Group has a “Buy” rating and a $7.00 price target on the stock. Jefferies Group also issued estimates for StealthGas’ Q4 2017 earnings at $0.05 EPS, Q1 2018 earnings at $0.05 EPS, Q2 2018 earnings at $0.05 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.06 EPS and FY2019 earnings at $0.50 EPS.

StealthGas (NASDAQ:GASS) last announced its earnings results on Wednesday, November 22nd. The shipping company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). StealthGas had a negative net margin of 4.14% and a positive return on equity of 1.06%. The firm had revenue of $38.55 million for the quarter, compared to analyst estimates of $37.13 million.

Separately, Zacks Investment Research raised StealthGas from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 24th.

StealthGas (NASDAQ:GASS) opened at $4.24 on Monday. StealthGas has a fifty-two week low of $2.90 and a fifty-two week high of $4.78. The company has a market capitalization of $169.01, a P/E ratio of -26.50 and a beta of 1.83. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.56.

Large investors have recently bought and sold shares of the stock. State Street Corp increased its holdings in shares of StealthGas by 16.9% in the second quarter. State Street Corp now owns 41,521 shares of the shipping company’s stock valued at $135,000 after purchasing an additional 5,998 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of StealthGas by 65.0% in the second quarter. Goldman Sachs Group Inc. now owns 46,953 shares of the shipping company’s stock valued at $153,000 after purchasing an additional 18,495 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of StealthGas in the third quarter valued at approximately $280,000. Macquarie Group Ltd. acquired a new stake in shares of StealthGas in the third quarter valued at approximately $352,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of StealthGas by 79.8% in the third quarter. Russell Investments Group Ltd. now owns 969,813 shares of the shipping company’s stock valued at $3,210,000 after purchasing an additional 430,400 shares during the last quarter. 60.64% of the stock is owned by hedge funds and other institutional investors.

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About StealthGas

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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