StealthGas (GASS) is Initiated by Singular Research to Buy, Price Target at $7

StealthGas (GASS) was Initiated by Singular Research to “Buy” and the brokerage firm has set the Price Target at $7. Singular Research advised their investors in a research report released on Apr 29, 2016.

StealthGas opened for trading at $3.99 and hit $4.1 on the upside on Wednesday, eventually ending the session at $4.04, with a gain of 0.50% or 0.02 points. The heightened volatility saw the trading volume jump to 13,589 shares. Company has a market cap of $164 M.

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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