Navigator’s stock price declines while its earnings rise over the past two years. See page 14 here: Capital-Link-Conference-Mar-21-2016
Wilbur Ross owns a majority position http://whalewisdom.com/stock/nvgs
I am not suggesting this as an investment for YOU, but seek out disconnects like this. Despite rising earnings, the market may be worried about lower oil prices because lower oil prices may affect the demand for the products that NVGS ships and/or the capex that NVGS is bearing with delivery of new ships. The question for an investor would be: “Has the market over-discounted the fears of low oil prices or over-supply of ships?” This company is VERY different than a standard dry-bulk shipper. These are highly-specialized/expensive ships. Knowledge reduces risk, so really understand the management and its goals.