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

Key Points

• Analyst consensus: Ten analysts give New Fortress Energy a consensus Hold rating (3 sell, 4 hold, 3 buy) with an average 1‑year price target of $7.88.
• Weak fundamentals and low share price: NFE opened at $1.16 with a market cap of $330.1M, a 52‑week range of $0.98–$16.66, high leverage (debt/equity 5.77) and negative profitability (net margin -48.94%, ROE -22.72%).
• Recent downgrades: Several firms have cut ratings or targets recently, including Zacks (to "strong sell"), Johnson Rice (to "hold" and a $4 target), Weiss Ratings (sell) and Capital One (underweight).

Shares of New Fortress Energy LLC (NASDAQ:NFE - Get Free Report) have earned a consensus rating of "Hold" from the ten analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $7.8750.

Several research firms recently issued reports on NFE. Zacks Research downgraded New Fortress Energy from a "hold" rating to a "strong sell" rating in a research report on Monday, October 6th. Johnson Rice lowered New Fortress Energy from a "buy" rating to a "hold" rating and cut their price objective for the company from $7.00 to $4.00 in a report on Wednesday, August 13th. Weiss Ratings restated a "sell (d-)" rating on shares of New Fortress Energy in a research note on Tuesday, October 14th. Finally, Capital One Financial reiterated an "underweight" rating on shares of New Fortress Energy in a research report on Monday, September 8th.

Institutional Trading of New Fortress Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Savant Capital LLC purchased a new stake in New Fortress Energy in the third quarter valued at $28,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of New Fortress Energy in the 3rd quarter valued at about $29,000. IFP Advisors Inc boosted its stake in shares of New Fortress Energy by 166.3% in the second quarter. IFP Advisors Inc now owns 9,072 shares of the company's stock worth $30,000 after buying an additional 5,665 shares during the last quarter. one8zero8 LLC acquired a new stake in New Fortress Energy during the third quarter worth about $31,000. Finally, Apollon Wealth Management LLC acquired a new stake in New Fortress Energy during the second quarter worth about $33,000. Institutional investors and hedge funds own 58.61% of the company's stock.

New Fortress Energy Stock Up 2.7%

NFE stock opened at $1.16 on Thursday. The firm has a 50 day moving average of $1.77 and a 200 day moving average of $2.71. The stock has a market capitalization of $330.08 million, a PE ratio of -0.30 and a beta of 1.20. The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 5.77. New Fortress Energy has a 52 week low of $0.98 and a 52 week high of $16.66.

New Fortress Energy (NASDAQ:NFE - Get Free Report) last posted its quarterly earnings results on Wednesday, June 18th. The company reported $0.13 earnings per share (EPS) for the quarter. New Fortress Energy had a negative net margin of 48.94% and a negative return on equity of 22.72%. The business had revenue of $679.00 million during the quarter. Sell-side analysts forecast that New Fortress Energy will post 0.36 earnings per share for the current year.

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.

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