TASE:NVPTOil and Gas
Navitas Petroleum (TASE:NVPT) Stock Rides New Profitability As Valuation Questions Linger
Navitas Petroleum Limited Partnership came into this quarter with a rich story, a newly profitable oil and gas producer trading on a mid‑teens P/E and a share price at ₪134.9 after a steady few months. The headline this time is pure earnings power. Q2 basic earnings per unit landed at US$0.651 on revenue of US$279.2m, building on the partnership’s move into profitability over the past year and lifting trailing twelve month earnings to almost US$300m.
Is Navitas Petroleum Limited Partnership...