Wall Street analysts are increasingly positive about Navigator Holdings following a strong fourth quarter performance.
Analysts at Wells Fargo, Evercore ISI and Jefferies have all raised their profit projections for the owner in the wake of the results.
Mike Webber of Wells Fargo says the first quarter of 2017 will be an inflection point for the shipowner.
“We believe growing petchem, ethylene, and ethane volumes should drive a fundamental recovery for Navigator Holdings in 2017, a view reinforced by strong fourth quarter results,” Webber said.
