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

New Fortress Energy LLC (NASDAQ:NFE - Get Free Report) has been assigned an average recommendation of "Hold" from the six brokerages that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $10.17.

Several analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of New Fortress Energy from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. BTIG Research downgraded New Fortress Energy from a "buy" rating to a "neutral" rating in a research report on Thursday. Morgan Stanley set a $4.00 price target on New Fortress Energy and gave the company an "equal weight" rating in a research note on Tuesday, May 27th. Citigroup reduced their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft set a $8.00 price objective on New Fortress Energy in a research report on Wednesday, March 12th.

New Fortress Energy Stock Performance

NFE stock traded up $0.10 on Monday, reaching $2.38. 8,781,247 shares of the company were exchanged, compared to its average volume of 6,606,384. The firm has a market capitalization of $651.57 million, a PE ratio of -1.06 and a beta of 1.21. New Fortress Energy has a 12 month low of $2.01 and a 12 month high of $26.22. The stock's fifty day moving average price is $3.89 and its 200 day moving average price is $8.95. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.94 and a quick ratio of 0.88.

Institutional Trading of New Fortress Energy

A number of hedge funds have recently modified their holdings of NFE. Allworth Financial LP lifted its position in shares of New Fortress Energy by 2,156.0% in the 4th quarter. Allworth Financial LP now owns 2,053 shares of the company's stock worth $32,000 after acquiring an additional 1,962 shares during the period. Quarry LP bought a new position in shares of New Fortress Energy during the 4th quarter worth approximately $64,000. US Bancorp DE lifted its position in shares of New Fortress Energy by 31.5% during the 4th quarter. US Bancorp DE now owns 4,696 shares of the company's stock worth $71,000 after buying an additional 1,126 shares during the period. CWM LLC lifted 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. Finally, Hardin Capital Partners LLC bought a new position in shares of New Fortress Energy during the 1st quarter worth approximately $83,000. Institutional investors own 58.61% of the company's stock.

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.