StealthGas (NASDAQ:GASS) posted its quarterly earnings data on Thursday. The shipping company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02, Morningstar.com reports. The business had revenue of $29.94 million for the quarter, compared to analysts’ expectations of $33.79 million. StealthGas had a positive return on equity of 0.11% and a negative net margin of 2.81%.
StealthGas stock opened at $3.19 on Friday. The stock’s 50 day simple moving average is $3.63 and its two-hundred day simple moving average is $3.42. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.02 and a current ratio of 1.06. The stock has a market cap of $140.44 million, a price-to-earnings ratio of 116.67 and a beta of 1.39. StealthGas has a fifty-two week low of $2.73 and a fifty-two week high of $4.18.
In related news, major shareholder Glendon Capital Management Lp purchased 50,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were purchased at an average cost of $3.36 per share, with a total value of $168,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Opportunities Fund L. Glendon purchased 95,627 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was bought at an average cost of $3.42 per share, for a total transaction of $327,044.34. The disclosure for this purchase can be found here.
Several analysts have weighed in on GASS shares. ValuEngine raised StealthGas from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Zacks Investment Research cut StealthGas from a “hold” rating to a “sell” rating in a research report on Friday.
StealthGas Company Profile
StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. It also provides crude oil and product carriers chartered to oil producers, refiners, and commodities traders. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.
Featured Article: Average Daily Trade Volume Explained
Receive News & Ratings for StealthGas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StealthGas and related companies with MarketBeat.com's FREE daily email newsletter.