New Fortress Energy (NASDAQ:NFE) Price Target Cut to $27.00

New Fortress Energy (NASDAQ:NFE - Free Report) had its price target reduced by Barclays from $32.00 to $27.00 in a report published on Monday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other research firms also recently commented on NFE. Stifel Nicolaus reduced their target price on New Fortress Energy from $49.00 to $45.00 and set a buy rating on the stock in a report on Friday, March 1st. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a $35.00 price objective (down previously from $40.00) on shares of New Fortress Energy in a report on Monday, March 4th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $38.57.

New Fortress Energy Trading Down 1.8 %

New Fortress Energy stock traded down $0.49 during midday trading on Monday, reaching $26.17. The stock had a trading volume of 1,657,647 shares, compared to its average volume of 1,312,987. The stock has a market capitalization of $5.37 billion, a PE ratio of 9.88 and a beta of 1.56. The company has a debt-to-equity ratio of 3.66, a quick ratio of 0.51 and a current ratio of 0.57. The stock's 50-day simple moving average is $29.93 and its 200 day simple moving average is $32.95. New Fortress Energy has a twelve month low of $25.06 and a twelve month high of $40.04.

New Fortress Energy (NASDAQ:NFE - Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. The business had revenue of $758.60 million during the quarter, compared to analysts' expectations of $647.54 million. New Fortress Energy had a return on equity of 36.16% and a net margin of 22.70%. The company's revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. Analysts expect that New Fortress Energy will post 2.97 EPS for the current year.

New Fortress Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. New Fortress Energy's dividend payout ratio (DPR) is currently 15.09%.

Institutional Trading of New Fortress Energy

Institutional investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. raised its position in New Fortress Energy by 563.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,387 shares of the company's stock valued at $42,000 after purchasing an additional 1,178 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in New Fortress Energy during the 4th quarter worth about $119,000. Van ECK Associates Corp increased its position in New Fortress Energy by 15.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,623 shares of the company's stock valued at $119,000 after acquiring an additional 482 shares in the last quarter. ORG Partners LLC raised its stake in shares of New Fortress Energy by 14.3% in the third quarter. ORG Partners LLC now owns 4,206 shares of the company's stock worth $138,000 after acquiring an additional 526 shares during the last quarter. Finally, Castleview Partners LLC lifted its position in shares of New Fortress Energy by 39.6% during the third quarter. Castleview Partners LLC now owns 5,148 shares of the company's stock worth $169,000 after purchasing an additional 1,459 shares in the last quarter. 58.61% of the stock is currently owned by institutional investors and hedge funds.

New Fortress Energy Company Profile

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.