New Fortress Energy LLC (NASDAQ:NFE) Receives Consensus Rating of "Hold" from Analysts

New Fortress Energy LLC (NASDAQ:NFE - Get Free Report) has been given an average recommendation of "Hold" by the seven research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $9.75.

Several research analysts have recently issued reports on the stock. Compass Point assumed coverage on shares of New Fortress Energy in a report on Tuesday, July 1st. They issued a "buy" rating and a $8.50 price objective for the company. Citigroup reduced their price target on shares of New Fortress Energy from $34.00 to $8.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley set a $4.00 price target on shares of New Fortress Energy and gave the company an "equal weight" rating in a research report on Tuesday, May 27th. Stifel Nicolaus reduced their price target on shares of New Fortress Energy from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, BTIG Research downgraded shares of New Fortress Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, June 26th.

Hedge Funds Weigh In On New Fortress Energy

Institutional investors have recently added to or reduced their stakes in the company. Hardin Capital Partners LLC increased its position in New Fortress Energy by 50.0% in the 2nd quarter. Hardin Capital Partners LLC now owns 15,000 shares of the company's stock valued at $54,000 after acquiring an additional 5,000 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in shares of New Fortress Energy during the 2nd quarter worth approximately $56,000. Quarry LP acquired a new stake in shares of New Fortress Energy during the 4th quarter worth approximately $64,000. US Bancorp DE grew its position in shares of New Fortress Energy by 81.7% during the 1st quarter. US Bancorp DE now owns 8,534 shares of the company's stock worth $71,000 after buying an additional 3,838 shares during the period. Finally, CWM LLC grew its position in shares of New Fortress Energy by 46.9% during the 1st quarter. CWM LLC now owns 9,065 shares of the company's stock worth $75,000 after buying an additional 2,895 shares during the period. 58.61% of the stock is owned by institutional investors.

New Fortress Energy Stock Up 1.6%

New Fortress Energy stock traded up $0.07 during trading on Friday, reaching $4.57. 12,170,951 shares of the company's stock were exchanged, compared to its average volume of 7,269,643. The company's 50-day moving average is $3.29 and its two-hundred day moving average is $7.89. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.95 and a current ratio of 1.00. New Fortress Energy has a 52-week low of $2.01 and a 52-week high of $26.22. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -2.03 and a beta of 1.30.

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.