Zacks Investment Research downgraded shares of STEALTHGAS INC (GASS) from NEUTRAL to UNDERPERFORM on May 08, 2013, with a target price of $10.20.
StealthGas Inc is a provider of international seaborne transportation services to LPG producers and users. The Company's vessels carry various petroleum and petrochemical gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of oil and natural gas. These products are transported in liquefied form in order to reduce their volume and to facilitate their handling. Transportation by sea represents a major element of gas transportation logistics. LPG products have a variety of both industrial and other uses, including transportation, fertilizer production, the manufacture of plastics, space heating, cooking, water heating and process heating. We serve industrial companies, as well as national and independent energy companies and energy traders.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on STEALTHGAS INC (GASS),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment