StealthGas risk/reward remains 'very attractive,' says Jefferies Jefferies says the risk/reward on shares of StealthGas remains "very attractive" following the company's Q1 results. The firm notes the stock is trading at 80% of the company's net asset value. It keeps a Buy rating on StealthGas with a $14 price target.
News For GASS From The Last 14 Days
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StealthGas to add 17 eco newbuilding LPG vessels to fleet StealthGas CEO Harry Vafias commented, "We have committed to expand our fleet by an additional 17 eco newbuilding LPG vessels ordered mainly from Japanese yards and we are making progress in the negotiations with these yards. We expect to announce the plan of action in the near future that will put into good use the proceeds from the latest equity raise. We are in advanced discussions with banks for financing all of these acquisitions with most of them already being committed."