NYSE:NVGSOil and Gas
Navigator Holdings (NVGS) Stock Falls Despite Record Profit And Rising One Off Risks
Navigator Holdings came into this print with a stock that had cooled off in the near term and sat roughly flat over the past month, yet the market still knocked the shares down about 4% to US$20.57 on the day. That reaction sits awkwardly against what was just reported. Q2 delivered record net income of US$53.0m and record earnings per share of US$0.86, powered by very strong time charter equivalent rates and utilization across its liquefied gas fleet.
The tension for investors now is clear...