Analyst Tate Sullivan of Maxim Group reiterated a Buy rating on StealthGas, with a price target of $10.00.
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Tate Sullivan has given his Buy rating due to a combination of factors that highlight StealthGas’s strong financial position and growth potential. The company has successfully achieved its goal of operating with no debt by the end of the third quarter of 2025, which is a significant milestone. Additionally, StealthGas reported a daily liquefied petroleum gas shipping rate that exceeded expectations, along with the sale of a ship, further strengthening its financial standing.
StealthGas has also secured fixed contracts for nearly half of its operating days in 2026, translating to substantial contracted revenue. The company plans to increase its cash reserves significantly by the end of 2025, indicating robust financial health. Despite a slight year-over-year decline in the time charter equivalent rate, the company’s revenue and earnings per share have surpassed forecasts, showcasing its operational efficiency. These positive developments, combined with the growing demand for LPG shipping, underpin Sullivan’s optimistic outlook and Buy rating for StealthGas.