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

Key Points

• Analysts give New Fortress Energy a consensus rating of Hold from nine firms (2 sell, 4 hold, 3 buy), with a 12‑month average target price of $7.875.
• The company recently reported earnings of ($1.07) per share, missing estimates by $0.40, with revenue of $327.4M versus $716.9M expected and revenue down 42.3% year‑over‑year, resulting in a negative net margin (72.9%) and negative ROE (43.9%).
• Shares opened at $1.31 (market cap $372.8M) and trade near their 52‑week low ($0.98), while liquidity is strained (quick ratio 0.15, current ratio 0.17) and leverage is high (debt/equity 2.08); institutional investors own about 58.6% of the stock.

New Fortress Energy LLC (NASDAQ:NFE - Get Free Report) has been given a consensus rating of "Hold" by the nine research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $7.8750.

A number of research firms have recently weighed in on NFE. Weiss Ratings reissued a "sell (d)" rating on shares of New Fortress Energy in a research report on Monday, December 29th. Zacks Research raised shares of New Fortress Energy from a "strong sell" rating to a "hold" rating in a research note on Friday, January 23rd.

New Fortress Energy Stock Down 1.5%

NFE opened at $1.31 on Tuesday. The firm has a market cap of $372.76 million, a P/E ratio of -0.34 and a beta of 1.05. The business's fifty day simple moving average is $1.30 and its 200 day simple moving average is $1.87. New Fortress Energy has a 52 week low of $0.98 and a 52 week high of $15.46. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.08.

New Fortress Energy (NASDAQ:NFE - Get Free Report) last announced its earnings results on Thursday, January 1st. The company reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.67) by ($0.40). The firm had revenue of $327.37 million during the quarter, compared to analyst estimates of $716.89 million. New Fortress Energy had a negative net margin of 72.92% and a negative return on equity of 43.91%. The company's revenue for the quarter was down 42.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 EPS. As a group, equities research analysts anticipate that New Fortress Energy will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On New Fortress Energy

Institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC acquired a new stake in New Fortress Energy in the 4th quarter worth about $26,000. Savant Capital LLC purchased a new position in shares of New Fortress Energy during the 3rd quarter worth about $28,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of New Fortress Energy during the 3rd quarter worth about $29,000. IFP Advisors Inc boosted its position 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 acquiring an additional 5,665 shares during the last quarter. Finally, one8zero8 LLC purchased a new stake in New Fortress Energy in the third quarter valued at approximately $31,000. 58.61% of the stock is currently owned by institutional investors and hedge funds.

New Fortress Energy Company Profile

New Fortress Energy is an integrated global energy infrastructure company focused on the development, construction and operation of natural gas-to-power projects and liquefied natural gas (LNG) terminals. The company sources LNG and delivers it via a network of floating storage and regasification units (FSRUs), onshore regasification terminals, and small-scale LNG carriers. By providing reliable natural gas supply solutions, New Fortress Energy aims to displace higher-carbon fuels in power generation, industrial and marine sectors.

The company's core activities include the design, development and operation of FSRUs and onshore regasification terminals that convert cryogenic LNG back to gas for delivery into domestic transmission networks.

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