New Fortress Energy Inc. (NASDAQ:NFE) Given Average Recommendation of "Hold" by Analysts

Shares of New Fortress Energy Inc. (NASDAQ:NFE - Get Free Report) have been assigned an average rating of "Hold" from the seven brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $39.29.

Several equities analysts have commented on the company. Capital One Financial assumed coverage on New Fortress Energy in a report on Tuesday, December 19th. They issued an "equal weight" rating and a $45.00 price target for the company. Stifel Nicolaus cut their price target on New Fortress Energy from $49.00 to $45.00 and set a "buy" rating for the company in a report on Friday, March 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $35.00 price target (down previously from $40.00) on shares of New Fortress Energy in a report on Monday, March 4th.

New Fortress Energy Stock Performance

NASDAQ:NFE traded down $0.56 during mid-day trading on Friday, hitting $28.40. 1,386,156 shares of the company's stock traded hands, compared to its average volume of 1,236,980. The firm has a 50 day moving average of $31.35 and a two-hundred day moving average of $33.44. New Fortress Energy has a 12 month low of $25.06 and a 12 month high of $40.04. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 10.72 and a beta of 1.53. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 3.66.

New Fortress Energy (NASDAQ:NFE - Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. New Fortress Energy had a return on equity of 36.16% and a net margin of 22.70%. The firm had revenue of $758.60 million during the quarter, compared to the consensus estimate of $647.54 million. During the same quarter in the prior year, the company earned $0.87 EPS. The firm's revenue for the quarter was up 38.8% compared to the same quarter last year. On average, equities analysts forecast that New Fortress Energy will post 3.73 earnings per share for the current fiscal year.

New Fortress Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 15th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. New Fortress Energy's payout ratio is 15.09%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Citigroup Inc. boosted its position in New Fortress Energy by 9.7% in the 3rd quarter. Citigroup Inc. now owns 12,341 shares of the company's stock valued at $405,000 after buying an additional 1,092 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of New Fortress Energy by 41.4% in the 3rd quarter. Vanguard Group Inc. now owns 8,481,836 shares of the company's stock worth $278,035,000 after purchasing an additional 2,482,627 shares during the last quarter. Callodine Capital Management LP boosted its position in shares of New Fortress Energy by 40.5% in the 3rd quarter. Callodine Capital Management LP now owns 316,120 shares of the company's stock worth $10,362,000 after purchasing an additional 91,120 shares during the last quarter. Crestwood Advisors Group LLC bought a new position in New Fortress Energy during the third quarter worth about $1,147,000. Finally, Barclays PLC lifted its holdings in New Fortress Energy by 47.3% during the third quarter. Barclays PLC now owns 733,917 shares of the company's stock worth $24,058,000 after acquiring an additional 235,807 shares in the last quarter. 58.61% of the stock is currently owned by institutional investors.

About New Fortress Energy

New Fortress Energy Inc operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation.