Navigator (NYSE:NVGS) Issues Quarterly Earnings Results

Navigator (NYSE:NVGS) issued its quarterly earnings data on Wednesday. The shipping company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.01, Zacks reports. Navigator had a net margin of 14.48% and a return on equity of 7.40%.

Navigator Price Performance

Shares of NYSE:NVGS traded down $0.19 during trading on Wednesday, reaching $13.60. 39,337 shares of the company traded hands, compared to its average volume of 207,096. The firm has a market capitalization of $994.94 million, a PE ratio of 12.03 and a beta of 1.39. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45. Navigator has a 52 week low of $13.55 and a 52 week high of $18.18. The company’s 50 day moving average is $16.08 and its two-hundred day moving average is $15.91.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and issued a $20.00 price target on shares of Navigator in a report on Friday, November 22nd. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $21.60.

Navigator Company Profile

Navigator Holdings Ltd. engages in owning and operating a fleet of liquefied gas carriers worldwide. It provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also offers ship shore infrastructure and consultancy services.