StealthGas (NASDAQ:GASS - Get Free Report) issued its earnings results on Wednesday. The shipping company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.11, RTT News reports. The company had revenue of $42.03 million during the quarter, compared to analyst estimates of $40.40 million. StealthGas had a return on equity of 11.36% and a net margin of 40.87%.
StealthGas Stock Performance
GASS traded up $0.09 during midday trading on Friday, hitting $5.98. 66,902 shares of the company were exchanged, compared to its average volume of 125,216. The company's 50 day simple moving average is $5.40 and its 200 day simple moving average is $5.53. The firm has a market capitalization of $221.13 million, a price-to-earnings ratio of 3.38 and a beta of 0.28. The company has a current ratio of 2.66, a quick ratio of 2.59 and a debt-to-equity ratio of 0.13. StealthGas has a 1-year low of $4.82 and a 1-year high of $8.84.
Institutional Investors Weigh In On StealthGas
A hedge fund recently raised its stake in StealthGas stock. Bank of America Corp DE boosted its stake in shares of StealthGas Inc. (NASDAQ:GASS - Free Report) by 701.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,263 shares of the shipping company's stock after purchasing an additional 8,982 shares during the period. Bank of America Corp DE's holdings in StealthGas were worth $58,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 66.32% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded StealthGas from a "buy" rating to a "hold" rating in a research report on Friday.
View Our Latest Research Report on StealthGas
About StealthGas
(
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StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. 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; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.
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