Home ShipmanagementAccountancy Stealthgas Q1 2021 results

Stealthgas Q1 2021 results

by admin

Stealthgas Q1 2021 results

Harry Vafias
USA | Maritime Group StealthGas Inc. (GASS)BUY, $2.98 PT: $4.50
This morning, StealthGas reported adj. EPS of $0.02 which was above our estimate of a loss of $0.03 primarily due to higher than expected revenues. The company sold the 2010-built vessel, Gaschem Hamburg, owned by its joint venture. GASS secured ten new charters or extensions during the quarter and now has a revenue backlog of $98 MM, including its JV vessels. Reiterate Buy as the market is improving and GASS shares remain at a deep discount to estimated NAV.  

 Click for Full Report   

You may also like

Leave a Comment