Revenue Update on StealthGas(NASDAQ:GASS)

StealthGas(NASDAQ:GASS) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Nov 29, 2016. Company reported revenue of $34.44M. Analysts estimated a revenue of $34.86M. The revenues were $-420.00K or NaN% below the estimates. Earnings per share were $-0.06. The reported EPS was below estimates by $-0.08 or NaN%. Analysts had estimated an EPS of $0.02.

StealthGas (GASS) made into the market gainers list on Tuesdays trading session with the shares advancing 1.76% or 0.06 points. Due to strong positive momentum, the stock ended at $3.46, which is also near the day’s high of $3.75. The stock began the session at $3.75 and the volume stood at 70,393 shares. The 52-week high of the shares is $5.18 and the 52 week low is $2.39. The company has a current market capitalization of $140 M and it has 4,05,17,676 shares in outstanding.

StealthGas Inc. is a shipping transportation company specialized in the transportation of various petroleum and petrochemical gas products in liquefied form. The Company owns a fleet of liquefied petroleum gas (LPG)carriers providing international seaborne transportation services to LPG producers and users as well as crude oil and product carriers chartered to oil producers refiners and commodities traders. The Company’s LPG carriers carry various petroleum gas products in liquefied form including propane butane butadiene isopropane propylene and vinyl chloride monomer which are all byproducts of the production of crude oil and natural gas. The three medium range product carriers in its fleet are capable of carrying refined petroleum products such as gasoline diesel fuel oil and jet fuel as well as edible oils and chemicals while its Aframax tanker is used for carrying crude oil. The Company’s fleet consists of approximately 43 LPG carriers.

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