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LONDON - Navigator Holdings Ltd. (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announced a forthcoming change to its board of directors. Effective June 16, 2025, Yngvil Åsheim will resign from her position as a director. Åsheim, who has been a part of the board since June 2023, played a significant role in the company’s Compensation and ESG Committees. According to InvestingPro data, Navigator Holdings maintains a "GREAT" financial health score and appears undervalued based on Fair Value analysis, with analysts setting price targets between $18 and $24.
Dag von Appen, Non-Executive Chairman of the Board, acknowledged Åsheim’s contributions, stating, "Yngvil’s extensive maritime industry knowledge and experience have been instrumental in driving our business strategy." He thanked her for her dedicated service and wished her success in her future professional endeavors.
Following Åsheim’s departure, the size of the Navigator Gas board will decrease from seven to six members. This change reflects the company’s ongoing adjustments to its governance structure.
Navigator Gas is recognized as a global leader in the seaborne transportation services of petrochemical gases, including ethylene, ethane, liquefied petroleum gas (LPG), and ammonia. With a market capitalization of $932 million and last twelve months revenue of $567 million, the company’s fleet consists of 59 semi- or fully-refrigerated liquefied gas carriers, with 28 being ethylene and ethane capable. InvestingPro analysis shows strong profitability with a gross margin of 56% and positive earnings forecasts for the upcoming year. Navigator Gas plays a critical role in the liquefied gas supply chain, offering an efficient ’floating pipeline’ between energy companies, industrial consumers, and commodity traders.
The company also owns a 50% share in an ethylene export marine terminal at Morgan’s Point, Texas on the Houston Ship Channel, USA, through a joint venture. Navigator Gas emphasizes sustainable practices and is actively involved in ESG initiatives.
Navigator Gas’s common stock is publicly traded on the New York Stock Exchange under the symbol NVGS. This announcement is based on a press release statement from the company. The company is scheduled to report earnings on May 14, 2025, with InvestingPro data showing a P/E ratio of 11.3 and strong cash flow generation. Investors can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research report, which is part of its coverage of over 1,400 US stocks.
In other recent news, Navigator Holdings Ltd., known as Navigator Gas, reported its fourth-quarter earnings for 2024, which exceeded analysts’ expectations. The company achieved an earnings per share (EPS) of $0.38, surpassing the forecasted $0.34, and recorded revenue of $144 million, higher than the anticipated $131.72 million. In financial developments, Navigator Gas secured a $300 million credit facility with a consortium of banks, including Nordea Bank and Danish Ship Finance, to refinance existing loans and support corporate activities. Additionally, the company completed a $40 million tap issue in the Nordic bond market, bringing total bond borrowing to $140 million under a $200 million limit. Stifel analysts maintained a Buy rating on Navigator Holdings, citing the company’s robust performance and terminal expansion, with a target price of $21. Furthermore, Navigator Gas completed an expansion of its ethylene export terminal, increasing capacity and positioning itself to capitalize on growing U.S. natural gas liquids production. These developments reflect Navigator Gas’s strategic financial management and operational resilience in a challenging market environment.
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