StealthGas (GASS, Financial) has reported robust financial performance for the first quarter, with revenue reaching $42 million compared to $41.6 million in the same period last year. This improvement indicates a positive beginning to the year and aligns with the company's ongoing momentum, which is expected to continue through 2025.
The company has managed to eliminate financial risk by becoming net debt-free after repaying over $50 million in debt this year. Furthermore, 27 out of its 28 vessels are now unencumbered. In addition to strengthening its financial position, StealthGas has been actively buying back shares, investing $1.8 million in repurchases since March, contributing to a total of $21.2 million spent on share repurchases since June 2023.
Despite the uncertainty in the LPG shipping market, StealthGas remains committed to its strategy, anticipating that market conditions will normalize. The company expects that improved trade flows and positive fundamentals will enhance overall market sentiment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for StealthGas Inc (GASS, Financial) is $10.00 with a high estimate of $10.00 and a low estimate of $10.00. The average target implies an upside of 82.48% from the current price of $5.48. More detailed estimate data can be found on the StealthGas Inc (GASS) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, StealthGas Inc's (GASS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for StealthGas Inc (GASS, Financial) in one year is $5.39, suggesting a downside of 1.64% from the current price of $5.48. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the StealthGas Inc (GASS) Summary page.
