Navigator Holdings Ltd (NVGS) was Reiterated by Stifel to “Buy” while Lowering the Price Target of the company shares to $ 18 from a previous price target of $25 . Stifel advised their investors in a research report released on Jul 22, 2016.
On the company’s financial health, Navigator Holdings Ltd reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Nov 10, 2015. Analyst had a consensus of $0.47. The company had revenue of $80.60 million for the quarter, compared to analysts expectations of $71.80 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Navigator Holdings Ltd closed down -0.33 points or -3.15% at $10.15 with 7,67,347 shares getting traded on Wednesday. Post opening the session at $10.42, the shares hit an intraday low of $10.12 and an intraday high of $10.44 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Navigator Holdings Ltd. is an owner and operator of a fleet of handysize liquefied gas carriers. The Company is the ultimate parent company of the Navigator Group of companies. The Company owns and operates approximately 26 gas carriers (the Vessels) having a cargo capacity of between 20500 cubic meters (cbm) and 22500 cbm of which 20 were semi-refrigerated and of those eight were capable of transporting ethylene. The remaining six were fully-refrigerated vessels. The Company carries LPG for energy companies state-owned utilities and commodities traders. It carries petrochemical gases for industrial users. The Company’s handysize liquefied gas carriers can accommodate medium- and long-haul routes.