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Hot Stocks
Navigator Holdings enters JV agreement with Greater Bay Gas Company » 07:21
09/30/22
09/30
07:21
09/30/22
07:21
NVGS

Navigator Holdings

$11.08 /

-0.595 (-5.10%)

Navigator Holdings…

Navigator Holdings entered into a joint venture agreement with Greater Bay Gas Co. The joint venture, owned 60% by Navigator and 40% by Greater Bay Gas, intends to acquire, over the next fifteen months, a total of five ethylene vessels, made up of two 17,000 cbm, 2018-built and three 22,000 cbm, 2019-built ethylene vessels. The Vessels are currently commercially managed by the Luna Pool collaborative arrangement, which was formed in March 2020 by Navigator, Greater Bay Gas Co. and Pacific Gas. Subject to customary conditions, the Joint Venture intends to acquire each of the Vessels following the exercise of the respective purchase options from their existing owner by Equator Fund Limited, the parent company of Greater Bay Gas, as each of such options becomes exercisable. The aggregate purchase price the Joint Venture expects to pay to acquire the Vessels is approximately $233M. The Joint Venture intends to finance the majority of the purchase price through commercial bank finance, with the remainder sourced from capital contributions from Navigator and Greater Bay Gas. Navigator expects to finance its share of the capital contributions from available cash resources. Once acquired by the Joint Venture, each of the Vessels will continue to be commercially managed by the Luna Pool, benefiting from the experienced team formed in 2020. The technical manager of the Vessels will remain Pacific Gas.

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NVGS Navigator Holdings
$11.08 /

-0.595 (-5.10%)

NVGS Navigator Holdings
$11.08 /

-0.595 (-5.10%)

07/20/22 Jefferies
Navigator Holdings initiated with a Buy at Jefferies
06/02/22 Stifel
Stifel says Navigator's time 'has finally come,' raises price target to $19
04/27/22 Jefferies
Navigator Holdings reinstated with a Buy at Jefferies
NVGS Navigator Holdings
$11.08 /

-0.595 (-5.10%)

Over a month ago
Hot Stocks
Navigator Holdings announces membership of Maritime Anti-Corruption Network » 07:19
09/01/22
09/01
07:19
09/01/22
07:19
NVGS

Navigator Holdings

$12.08 /

+0.165 (+1.38%)

Navigator Holdings…

Navigator Holdings announced that it has successfully joined the Maritime Anti-Corruption Network, a global business network dedicated to a maritime industry free of corruption.

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NVGS Navigator Holdings
$12.08 /

+0.165 (+1.38%)

NVGS Navigator Holdings
$12.08 /

+0.165 (+1.38%)

07/20/22 Jefferies
Navigator Holdings initiated with a Buy at Jefferies
06/02/22 Stifel
Stifel says Navigator's time 'has finally come,' raises price target to $19
04/27/22 Jefferies
Navigator Holdings reinstated with a Buy at Jefferies
NVGS Navigator Holdings
$12.08 /

+0.165 (+1.38%)

Initiation
Navigator Holdings initiated with a Buy at Jefferies » 16:43
07/20/22
07/20
16:43
07/20/22
16:43
NVGS

Navigator Holdings

$11.17 /

+0.47 (+4.39%)

Jefferies analyst Omar…

Jefferies analyst Omar Nokta initiated coverage of Navigator Holdings with a Buy rating and $15 price target. The analyst launched coverage of the maritime shipping industry and views those with modern fleets as well positioned to capture "higher, out-sized earnings going forward." Navigator is a "unique player" operating in the petrochemicals and LPG shipping sectors and its ethylene export terminal provides revenue and market visibility, Nokta tells investors in a research note.

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NVGS Navigator Holdings
$11.17 /

+0.47 (+4.39%)

NVGS Navigator Holdings
$11.17 /

+0.47 (+4.39%)

06/02/22 Stifel
Stifel says Navigator's time 'has finally come,' raises price target to $19
04/27/22 Jefferies
Navigator Holdings reinstated with a Buy at Jefferies
NVGS Navigator Holdings
$11.17 /

+0.47 (+4.39%)

Over a quarter ago
Recommendations
Stifel says Navigator's time 'has finally come,' raises price target to $19 » 13:51
06/02/22
06/02
13:51
06/02/22
13:51
NVGS

Navigator Holdings

$14.80 /

+0.66 (+4.67%)

Stifel analyst Benjamin…

Stifel analyst Benjamin Nolan raised the firm's price target on Navigator Holdings to $19 from $18, while keeping a Buy rating on the shares. The big picture for Navigator is that energy prices remain high, which should lead to increased supply from North America to satisfy increasing demand for oil and natural gas, the analyst notes. In the process of doing so, there will also be copious amounts of natural gas liquids, and their derivatives that far exceed domestic demand. The shipping of ethane and the derivatives in particular requires unique semi-refrigerated vessels, which is a niche market in which Navigator has a leading position, he adds. Market conditions are already tightening, and Nolan expects are likely to tighten further in coming years, with very limited ship supply growth. Consequently, the analyst believes Navigator's time has finally come, earnings and cash flows should grow consistently, and the share price should move higher.

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NVGS Navigator Holdings
$14.80 /

+0.66 (+4.67%)

NVGS Navigator Holdings
$14.80 /

+0.66 (+4.67%)

04/27/22 Jefferies
Navigator Holdings reinstated with a Buy at Jefferies
06/14/21 Evercore ISI
Navigator Holdings upgraded to Outperform from In Line at Evercore ISI
06/14/21 Evercore ISI
Navigator Holdings upgraded to Outperform from In Line at Evercore ISI
NVGS Navigator Holdings
$14.80 /

+0.66 (+4.67%)

Hot Stocks
Navigator Holdings appoints Mads Peter Zacho as CEO » 05:14
06/01/22
06/01
05:14
06/01/22
05:14
NVGS

Navigator Holdings

$13.56 /

-0.03 (-0.22%)

Navigator Holdings…

Navigator Holdings announced that Navigator's board of directors has appointed Mads Peter Zacho as CEO, effective September 1. Zacho has worked in shipping for almost 20 years, most recently as the Head of Industry Transition at the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, since November 2020.

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NVGS Navigator Holdings
$13.56 /

-0.03 (-0.22%)

NVGS Navigator Holdings
$13.56 /

-0.03 (-0.22%)

04/27/22 Jefferies
Navigator Holdings reinstated with a Buy at Jefferies
06/14/21 Evercore ISI
Navigator Holdings upgraded to Outperform from In Line at Evercore ISI
06/14/21 Evercore ISI
Navigator Holdings upgraded to Outperform from In Line at Evercore ISI
NVGS Navigator Holdings
$13.56 /

-0.03 (-0.22%)

Earnings
Navigator Holdings reports Q1 EPS 16c, consensus 32c » 16:12
05/23/22
05/23
16:12
05/23/22
16:12
NVGS

Navigator Holdings

$14.11 /

+0.09 (+0.64%)

Reports Q1 revenue…

Reports Q1 revenue $119.8M, consensus $110.52M.Earnings per share was 35c for the three months ended March 31, 2022, compared to $0.05 for the three months ended March 31, 2021. Earnings per share, adjusted to exclude unrealized gain on non-designated derivative instruments of $15.2 million and the foreign currency exchange loss on the senior secured bonds of $0.8 million was $0.16 for the three months ended March 31, 2022, compared to $0.04 for the three months ended March 31. Adjusted EBITDA(1) was a record $55.7 million for the three months ended March 31, 2022, compared to $31.0 million for the three months ended March 31, 2021.

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NVGS Navigator Holdings
$14.11 /

+0.09 (+0.64%)

NVGS Navigator Holdings
$14.11 /

+0.09 (+0.64%)

04/27/22 Jefferies
Navigator Holdings reinstated with a Buy at Jefferies
06/14/21 Evercore ISI
Navigator Holdings upgraded to Outperform from In Line at Evercore ISI
06/14/21 Evercore ISI
Navigator Holdings upgraded to Outperform from In Line at Evercore ISI
NVGS Navigator Holdings
$14.11 /

+0.09 (+0.64%)

Initiation
Navigator Holdings reinstated with a Buy at Jefferies » 08:09
04/27/22
04/27
08:09
04/27/22
08:09
NVGS

Navigator Holdings

$12.46 /

+0.15 (+1.22%)

Jefferies analyst…

Jefferies analyst Christopher Robertson reinstated coverage of Navigator Holdings with a Buy rating with a price target of $17, up from $14. Rates across several maritime group sub-sectors experienced normal seasonal pressures during Q1, but rates and asset values are now on the rise across several sub-sectors and the Jefferies shipping index is up about 25% year-to-date, largely due to recent equity performance in the dry bulk and tanker space, noted Robertson, who remains positive on supply-side fundamentals as he reinstated coverage of the maritime shipping group at the firm.

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NVGS Navigator Holdings
$12.46 /

+0.15 (+1.22%)

NVGS Navigator Holdings
$12.46 /

+0.15 (+1.22%)

06/14/21 Evercore ISI
Navigator Holdings upgraded to Outperform from In Line at Evercore ISI
06/14/21 Evercore ISI
Navigator Holdings upgraded to Outperform from In Line at Evercore ISI
NVGS Navigator Holdings
$12.46 /

+0.15 (+1.22%)

Hot Stocks
Navigator Holdings announces changes to board of directors » 08:06
04/14/22
04/14
08:06
04/14/22
08:06
NVGS

Navigator Holdings

$13.74 /

+0.72 (+5.53%)

Navigator announces the…

Navigator announces the following changes to its board of directors, effective immediately: Alexander Oetker resigns as a director of the Board after 15 years of service; Andreas Beroutsos, who joined the Company's Board in December 2020, is also stepping down. The size of the Board, therefore, has reduced from nine members to seven members.

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NVGS Navigator Holdings
$13.74 /

+0.72 (+5.53%)

NVGS Navigator Holdings
$13.74 /

+0.72 (+5.53%)

06/14/21 Evercore ISI
Navigator Holdings upgraded to Outperform from In Line at Evercore ISI
06/14/21 Evercore ISI
Navigator Holdings upgraded to Outperform from In Line at Evercore ISI
NVGS Navigator Holdings
$13.74 /

+0.72 (+5.53%)

Hot Stocks
Navigator Holdings appoints Randy Giveans as EVP, Navigator Gas US » 08:29
04/05/22
04/05
08:29
04/05/22
08:29
NVGS

Navigator Holdings

$12.22 /

-0.205 (-1.65%)

Navigator Holdings…

Navigator Holdings announces that it has bolstered its investor relations and business development offering with the appointment of Randy Giveans as Executive Vice President, Navigator Gas US, LLC. Mr. Giveans, based in Houston, will be responsible for developing Navigator's relationships with North American stakeholders. Giveans joins Navigator from Jefferies Financial Group, where he was the Senior Analyst and Group Head of the Energy Maritime Shipping Equity Research Group and a Senior Vice President.

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NVGS Navigator Holdings
$12.22 /

-0.205 (-1.65%)

NVGS Navigator Holdings
$12.22 /

-0.205 (-1.65%)

06/14/21 Evercore ISI
Navigator Holdings upgraded to Outperform from In Line at Evercore ISI
06/14/21 Evercore ISI
Navigator Holdings upgraded to Outperform from In Line at Evercore ISI
NVGS Navigator Holdings
$12.22 /

-0.205 (-1.65%)

Earnings
Navigator Holdings reports Q4 EPS (61c), consensus 21c » 16:27
03/10/22
03/10
16:27
03/10/22
16:27
NVGS

Navigator Holdings

$11.68 /

+0.5 (+4.47%)

Reports Q4 revenue…

Reports Q4 revenue $129.4M, consensus $93.13M. "We currently have four charterparties with a Russian counterparty that were entered into in 2012 and 2017, two of which expire in June 2022 and two expire in December 2023. These charterparties cannot be terminated without the consent of both parties, unless the counterparty was to become a sanctioned entity, which would render the charters void. Under the current circumstances, it would be our intention not to renew these charterparties when they expire. We employ an aggregate of approximately 120 Russian and Ukrainian officers on board our vessels, many of whom are on the same vessels. We are monitoring this situation closely and we are mindful that there may be restrictions, logistical challenges or a complete inability to employ both nationalities in the near future. "

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NVGS Navigator Holdings
$11.68 /

+0.5 (+4.47%)

NVGS Navigator Holdings
$11.68 /

+0.5 (+4.47%)

06/14/21 Evercore ISI
Navigator Holdings upgraded to Outperform from In Line at Evercore ISI
06/14/21 Evercore ISI
Navigator Holdings upgraded to Outperform from In Line at Evercore ISI
NVGS Navigator Holdings
$11.68 /

+0.5 (+4.47%)

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