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May 23, 2014
07:49 EDTGASSStealthGas 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.
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May 26, 2015
09:06 EDTGASSStealthGas sees FY15 LPG charter rates to decrease
Company said, "Our current outlook for the remaining of 2015 is for LPG charter rates to likely mark a further small decrease and inevitably we anticipate this to exert pressure on the weaker owners thus seeing an increase of demolition. Our strong balance sheet, with a ratio of debt to total assets of 34%, our strong liquidity and ongoing profitability puts us in a position to address any challenges that might arise in the future. In addition, our chartering strategy has been proven once again successful as we managed within the Q1 to expand the fleet employment for the year to 66% and increase our secured revenues to $238M up to 2022. Most importantly we have proven to the market that our conservative philosophy works in both good and bad times."
09:04 EDTGASSStealthGas reports Q1 adj. EPS 14c, consensus 15c
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