Last $8.31 USD
Change Today +0.12 / 1.47%
Volume 31.8K
GASS On Other Exchanges
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As of 1:33 PM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

stealthgas inc (GASS) Snapshot

Open
$8.23
Previous Close
$8.19
Day High
$8.31
Day Low
$8.03
52 Week High
11/18/13 - $13.00
52 Week Low
10/14/14 - $6.78
Market Cap
361.5M
Average Volume 10 Days
333.8K
EPS TTM
$0.65
Shares Outstanding
43.5M
EX-Date
05/14/09
P/E TM
12.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for STEALTHGAS INC (GASS)

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stealthgas inc (GASS) Details

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 carries 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; and crude oil. As of July 17, 2014, the company owned a fleet of 40 LPG carriers; 3 medium range product carriers; and 1 Aframax tanker. The company was founded in 2004 and is based in Athens, Greece.

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stealthgas inc (GASS) Key Developments

StealthGas, Inc. Presents at Canaccord Genuity 8th Annual Global Resources Conference, Oct-15-2014

StealthGas, Inc. Presents at Canaccord Genuity 8th Annual Global Resources Conference, Oct-15-2014 . Venue: Palace Hotel, 455 Madison Avenue, New York, New York, United States.

STEALTHGAS INC. Announces New Vessel Acquisitions

STEALTHGAS INC. announced as part of its fleet expansion program the acquisition of two newbuilding LPG vessels. The company exercised the acquisition options with a Korean yard and the additions to the fleet consist of two 22,000 cbm semi refrigerated eco LPG carriers scheduled to be delivered in the second and third quarter of 2017, respectively. The company expects that the acquisition of these larger semi refrigerated eco LPG carriers that can load LPG with high ethane content, will complement well its already leading position in pressurized vessels. Moreover in StealthGas' option vessels can be fitted with exhaust scrubbers and ice class notation making them even more versatile commercially. With the addition of these two vessels in the expansion plan the company remains to acquire a total of 19 newbuilding LPG carriers. Total capital expenditure for all the acquisitions amounts to approximately $500 million. The acquisition of these vessels will be funded with a combination of debt financing and already available cash. With these additions total asset value of the fleet will amount to approximately $1.15 billion.

StealthGas, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

StealthGas, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue amounted to $31.9 million, an increase of $1.6 million, or 5.28%, compared to revenues of $30.3 million for the three months ended June 30, 2013, primarily due to the higher number of vessels in the 2014 period. Income from operations for the three months ended June 30, 2014 was $7.1 million compared to $6.9 million for the same period last year, an increase of $0.2 million or 2.9%. Net income for the three months ended June 30, 2014 was $4.7 million, compared to net income of $5.1 million for the three months ended June 30, 2013. Earnings per basic and diluted share for the three months ended June 30, 2014 amounted to $0.12 compared to $0.18 for the same period of last year. Adjusted net income was $4.4 million or $0.12 per share for the three months ended June 30, 2014 compared to $4.4 million or $0.16 per share for the same period last year. Adjusted EBITDA for the three months ended June 30, 2014 amounted to $15.6 million against $14.4 million last year. For the six months, revenues amounted to $65.8 million, an increase of $6.1 million, or 10.22%, compared to revenues of $59.7 million for the six months ended June 30, 2013, primarily due to the higher number of vessels in fleet in the 2014 period. Income from operations for the six months ended June 30, 2014 was $16.8 million compared to $15.3 million for the same period last year, an increase of $1.5 million or 9.8%. The company had net income for the six months ended June 30, 2014 of $12.3 million, compared to net income of $11.5 million for the six months ended June 30, 2013. Earnings per basic and diluted share for the six months ended June 30, 2014 amounted to $0.34 compared to $0.47 for the same period of last year. Net cash provided by operating activities was $30.9 million against $21.2 million last year. Vessels' acquisitions and advances for vessels under construction was $75.0 million against $44.4 million last year. Adjusted net income was $11.6 million or $0.32 per share for the six months ended June 30, 2014 compared to $9.8 million or $0.40 per share for the same period last year. Adjusted EBITDA for the six months ended June 30, 2014 amounted to $33.4 million against $30.2 million last year.

 

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GASS Competitors

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BW LPG Ltd 68.50 NOK -1.40
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Sloman Neptun Schiffahrts AG €37.99 EUR -2.00
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Industry Analysis

GASS

Industry Average

Valuation GASS Industry Range
Price/Earnings 12.7x
Price/Sales 2.5x
Price/Book 0.6x
Price/Cash Flow 6.6x
TEV/Sales NM Not Meaningful
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