Compass Point Initiates Coverage on New Fortress Energy (NASDAQ:NFE)

Stock analysts at Compass Point started coverage on shares of New Fortress Energy (NASDAQ:NFE - Get Free Report) in a research report issued on Tuesday, Marketbeat reports. The brokerage set a "buy" rating and a $8.50 price target on the stock. Compass Point's price target points to a potential upside of 110.66% from the stock's previous close.

Several other analysts also recently weighed in on the company. Citigroup decreased their target price on New Fortress Energy from $34.00 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. BTIG Research cut New Fortress Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, June 26th. Stifel Nicolaus dropped their target price 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. Morgan Stanley set a $4.00 target price on shares of New Fortress Energy and gave the company an "equal weight" rating in a research note on Tuesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft set a $8.00 price objective on shares of New Fortress Energy in a report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $9.75.

New Fortress Energy Stock Performance

Shares of New Fortress Energy stock traded up $0.16 on Tuesday, reaching $4.04. The stock had a trading volume of 9,558,111 shares, compared to its average volume of 6,990,931. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.88 and a current ratio of 0.94. The business's 50-day moving average price is $3.70 and its two-hundred day moving average price is $8.62. The stock has a market cap of $1.11 billion, a P/E ratio of -1.79 and a beta of 1.30. New Fortress Energy has a fifty-two week low of $2.01 and a fifty-two week high of $26.22.

Institutional Investors Weigh In On New Fortress Energy

A number of large investors have recently bought and sold shares of NFE. JPMorgan Chase & Co. grew its stake in shares of New Fortress Energy by 2.0% during the fourth quarter. JPMorgan Chase & Co. now owns 48,250 shares of the company's stock valued at $730,000 after purchasing an additional 935 shares during the last quarter. US Bancorp DE raised its holdings in 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 purchasing an additional 1,126 shares during the last quarter. Victory Capital Management Inc. lifted its position in New Fortress Energy by 11.2% during the 1st quarter. Victory Capital Management Inc. now owns 21,474 shares of the company's stock valued at $178,000 after purchasing an additional 2,157 shares during the period. Deutsche Bank AG boosted its stake in shares of New Fortress Energy by 3.0% in the 4th quarter. Deutsche Bank AG now owns 85,206 shares of the company's stock valued at $1,288,000 after purchasing an additional 2,463 shares during the last quarter. Finally, CWM LLC raised its stake in shares of New Fortress Energy by 46.9% during the first 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 last quarter. 58.61% of the stock is currently owned by institutional investors.

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.