Clarkson Capital Initiates Outperform on StealthGas, Seeing Demand to Exceed Supply

Clarkson Capital Initiated an Outperform rating on StealthGas

with a price target of $14.50 after expected demand to exceed supply. In the report Clarkson Capital wrote, "Growth in exports is supported by drilling related to rising natural gas production and an expansion of gas processing capacity. Much of this growth is expected to come from the Arabian/Persian Gulf area, where in 2011 34mmt of LPG was exported and this is expected to rise to 41mmt by 2016. Much of this increased supply is expected to flow to Asia, and may exert upward pressure on ton-mile demand." SealthGas closed Monday at $11.69.