StealthGas, Inc. (NASDAQ:GASS) – Research analysts at Jefferies Group cut their FY2017 earnings per share (EPS) estimates for shares of StealthGas in a research report issued to clients and investors on Wednesday. Jefferies Group analyst D. Mavrinac now anticipates that the shipping company will post earnings per share of $0.15 for the year, down from their prior estimate of $0.21. Jefferies Group also issued estimates for StealthGas’ Q4 2017 earnings at $0.04 EPS and FY2018 earnings at $0.12 EPS.
Separately, Zacks Investment Research cut StealthGas from a “hold” rating to a “sell” rating in a research note on Friday, August 25th.
StealthGas (NASDAQ GASS) opened at $4.08 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.57 and a current ratio of 0.60. StealthGas has a 12 month low of $2.90 and a 12 month high of $4.78. The firm has a market capitalization of $162.63, a PE ratio of 25.50 and a beta of 1.77.
StealthGas (NASDAQ:GASS) last released its earnings results on Thursday, August 24th. The shipping company reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. StealthGas had a positive return on equity of 1.06% and a negative net margin of 4.14%. The company had revenue of $39.27 million for the quarter, compared to analysts’ expectations of $36.32 million.
Several hedge funds and other institutional investors have recently made changes to their positions in GASS. Renaissance Technologies LLC grew its stake in shares of StealthGas by 3.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,504,619 shares of the shipping company’s stock valued at $6,003,000 after buying an additional 48,319 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of StealthGas in the 1st quarter valued at approximately $114,000. Russell Investments Group Ltd. grew its stake in shares of StealthGas by 17.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 539,413 shares of the shipping company’s stock valued at $1,754,000 after buying an additional 80,498 shares in the last quarter. Towerview LLC grew its stake in shares of StealthGas by 33.3% in the 2nd quarter. Towerview LLC now owns 200,000 shares of the shipping company’s stock valued at $650,000 after buying an additional 50,000 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in StealthGas by 1.2% in the 2nd quarter. Royce & Associates LP now owns 1,897,956 shares of the shipping company’s stock worth $6,168,000 after purchasing an additional 22,900 shares during the last quarter. 62.54% of the stock is owned by institutional investors and hedge funds.
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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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