Streetbeat News

NVGS

Navigator Holdings Ltd.

https://www.navigatorgas.com

Industry

Oil & Gas Midstream

Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of April 14, 2022, it operated a fleet of 53 semi- or fully-refrigerated liquefied gas carriers. The company was founded in 1997 and is based in London, the United Kingdom.

Open

16.16

Mkt cap

1.1B

Volume

74K

High

16.27

P/E Ratio

14.41

52-wk high

18.18

Low

16.08

Div yield

0.01

52-wk low

13.85

Navigator Holdings (NYSE:NVGS) reported Q2 earnings per share of $0.34, beating the analyst estimate of $0.33. Sales were $146.68 million, surpassing the $133.49 million estimate. This represents a 36% increase in EPS and an 8.38% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:15 pm

Navigator Holdings Ltd. (NYSE: NVGS) has invested $2.5 million alongside Attis Clean Energy in Ten08 Energy to develop a clean ammonia production facility on the US Gulf Coast. The project aims to produce ultra-low carbon ammonia by late 2029/early 2030. Navigator has an option to invest up to $100 million at the Final Investment Decision stage.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:49 pm

Citigroup has initiated coverage on Navigator Holdings (NYSE:NVGS) with a Buy rating and set a price target of $22.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:37 am

Navigator Gas, Bumi Armada, and Bluestreak CO2 have signed a memorandum of understanding with Uniper to study the export of CO2 emissions, aiming to help the UK government decarbonize the power sector by 2030.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:28 pm

Navigator Holdings Ltd. (NYSE:NVGS) announced the upsize and pricing of a secondary public offering of 7 million shares by BW Group Limited at $15 per share. The offering is expected to close around June 13, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:37 am

Navigator Holdings Ltd. (NVGS) announced a public offering of 6 million shares by selling shareholder BW Group. Concurrently, the company plans to repurchase 3 million shares from the underwriters at the same price per share as the offering.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:27 pm

Navigator Holdings (NYSE: NVGS) reported Q1 earnings per share of $0.31, meeting analyst expectations. However, the company missed sales estimates, reporting $134.16 million against the expected $146.50 million. Despite this, both EPS and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:16 pm

Navigator Gas (NYSE:NVGS) is focusing on growth opportunities in ammonia and CO2 transportation, leveraging its fleet's flexibility and expanding its ethylene export terminal. The company's strong financial performance is attributed to high demand across its product segments and operational efficiency. NVGS's strategic investments, including a 14.5% interest in Azane Fuel Solutions, aim to capitalize on the shipping industry's shift to low-carbon fuels. With record operating revenue and net income in Q4 2023, NVGS is committed to returning capital to shareholders through dividends and share repurchases, while planning for long-term growth by exploring further opportunities in green transition segments.

Portfolio Pulse from Capital Link

April 10, 2024 | 6:21 pm

Jefferies analyst Omar Nokta has reiterated a Buy rating on Navigator Holdings (NYSE:NVGS) and maintained a $20 price target.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:45 am

Navigator Holdings (NYSE:NVGS) reported Q4 earnings with an EPS of $0.32, beating estimates by 7%, and revenue increased by $18.35 million year-over-year. Despite beating earnings this quarter, a miss in the previous quarter led to a 1% drop in share price the next day. The company has shown fluctuating performance in past quarters.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 8:45 pm

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