New Fortress Energy LLC (NASDAQ:NFE) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Hold consensus from nine analysts (3 sell / 3 hold / 3 buy) with an average 1‑year target price of $7.88.
• Institutional investors own 58.61% of NFE, with Vanguard holding ~13.88M shares (~$115.3M) and recent stake increases from Charles Schwab, Deutsche Bank and others.
• Shares opened at $1.26 (down 3.1%) and trade below the 50‑day ($1.49) and 200‑day ($2.33) moving averages; market cap is about $358.5M and the company reports negative profitability (ROE -43.9%, net margin -72.9%).

New Fortress Energy LLC (NASDAQ:NFE - Get Free Report) has been given a consensus rating of "Hold" by the nine analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $7.8750.

Several research firms have issued reports on NFE. Zacks Research lowered New Fortress Energy from a "hold" rating to a "strong sell" rating in a research note on Monday, October 6th. Weiss Ratings restated a "sell (d-)" rating on shares of New Fortress Energy in a report on Tuesday, October 14th. Finally, Capital One Financial reiterated an "underweight" rating on shares of New Fortress Energy in a research note 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. US Bancorp DE grew its stake in 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 last quarter. Vanguard Group Inc. boosted its holdings in New Fortress Energy by 22.6% in the first quarter. Vanguard Group Inc. now owns 13,879,490 shares of the company's stock worth $115,339,000 after acquiring an additional 2,560,242 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in New Fortress Energy by 48.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 946,566 shares of the company's stock worth $7,866,000 after acquiring an additional 307,372 shares in the last quarter. Deutsche Bank AG grew its stake in shares of New Fortress Energy by 118.5% during the first quarter. Deutsche Bank AG now owns 186,180 shares of the company's stock worth $1,547,000 after acquiring an additional 100,974 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of New Fortress Energy by 5.1% during the first quarter. Swiss National Bank now owns 208,300 shares of the company's stock valued at $1,731,000 after acquiring an additional 10,100 shares in the last quarter. Hedge funds and other institutional investors own 58.61% of the company's stock.

New Fortress Energy Stock Down 3.1%

New Fortress Energy stock opened at $1.26 on Monday. The business has a fifty day moving average of $1.49 and a two-hundred day moving average of $2.33. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.08. The firm has a market cap of $358.53 million, a P/E ratio of -0.33 and a beta of 1.11. New Fortress Energy has a twelve month low of $0.98 and a twelve month high of $16.66.

New Fortress Energy (NASDAQ:NFE - Get Free Report) last announced its quarterly earnings results on Wednesday, June 18th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $679.00 million for the quarter. New Fortress Energy had a negative return on equity of 43.91% and a negative net margin of 72.92%. On average, analysts forecast that New Fortress Energy will post 0.36 earnings per share for the current fiscal 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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