StealthGas (GASS) Scheduled to Post Earnings on Tuesday

StealthGas (NASDAQ:GASS) will be posting its quarterly earnings results before the market opens on Tuesday, November 21st.

StealthGas (NASDAQ:GASS) last announced its earnings results on Friday, August 18th. The shipping company reported $0.28 EPS for the quarter. StealthGas had a net margin of 27.40% and a return on equity of 8.51%. The business had revenue of $33.14 million during the quarter.

StealthGas Price Performance

Shares of NASDAQ:GASS opened at $5.49 on Thursday. The company has a 50-day simple moving average of $5.18 and a 200-day simple moving average of $4.43. StealthGas has a one year low of $2.51 and a one year high of $5.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.32 and a current ratio of 2.36. The stock has a market capitalization of $209.28 million, a price-to-earnings ratio of 5.04 and a beta of 0.96.

Hedge Funds Weigh In On StealthGas

Several institutional investors and hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP raised its stake in StealthGas by 6.5% during the third quarter. GSA Capital Partners LLP now owns 42,241 shares of the shipping company’s stock worth $213,000 after purchasing an additional 2,583 shares during the period. Sequoia Financial Advisors LLC acquired a new position in StealthGas during the 4th quarter worth $27,000. JPMorgan Chase & Co. grew its holdings in StealthGas by 183.3% during the 4th quarter. JPMorgan Chase & Co. now owns 17,000 shares of the shipping company’s stock worth $46,000 after acquiring an additional 11,000 shares in the last quarter. Walleye Capital LLC acquired a new position in StealthGas during the 2nd quarter worth $51,000. Finally, Advisor Group Holdings Inc. lifted its position in shares of StealthGas by 2,823.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 12,425 shares of the shipping company’s stock worth $33,000 after buying an additional 12,000 shares during the last quarter. Hedge funds and other institutional investors own 66.31% of the company’s stock.

Analysts Set New Price Targets

GASS has been the topic of a number of recent analyst reports. Maxim Group boosted their price target on shares of StealthGas from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Monday, August 21st. StockNews.com began coverage on shares of StealthGas in a research report on Thursday, October 5th. They issued a “buy” rating on the stock.

About StealthGas

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. It also offers crude oil and natural gas. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.