Shares of New Fortress Energy Inc. (NASDAQ:NFE - Get Free Report) fell 4.1% during trading on Tuesday after Stifel Nicolaus lowered their price target on the stock from $16.00 to $14.00. Stifel Nicolaus currently has a buy rating on the stock. New Fortress Energy traded as low as $2.66 and last traded at $2.67. 1,412,276 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 5,888,577 shares. The stock had previously closed at $2.78.
Several other brokerages have also recently commented on NFE. Morgan Stanley decreased their price target on shares of New Fortress Energy from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft set a $8.00 price objective on shares of New Fortress Energy in a research report on Wednesday, March 12th. Finally, Citigroup decreased their price objective on shares of 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, New Fortress Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.17.
View Our Latest Research Report on New Fortress Energy
Insider Buying and Selling
In other New Fortress Energy news, CFO Christopher S. Guinta acquired 5,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $8.57 per share, for a total transaction of $42,850.00. Following the completion of the purchase, the chief financial officer now owns 206,653 shares in the company, valued at $1,771,016.21. This trade represents a 2.48% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 29.40% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of New Fortress Energy by 2.0% in 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 in the last quarter. US Bancorp DE lifted its stake in shares of New Fortress Energy by 31.5% during the fourth quarter. US Bancorp DE now owns 4,696 shares of the company's stock valued at $71,000 after buying an additional 1,126 shares during the period. Allworth Financial LP lifted its stake in shares of New Fortress Energy by 2,156.0% during the fourth quarter. Allworth Financial LP now owns 2,053 shares of the company's stock valued at $32,000 after buying an additional 1,962 shares during the period. Victory Capital Management Inc. lifted its stake in shares of New Fortress Energy by 11.2% during the first quarter. Victory Capital Management Inc. now owns 21,474 shares of the company's stock valued at $178,000 after buying an additional 2,157 shares during the period. Finally, Deutsche Bank AG raised its stake in New Fortress Energy by 3.0% during the fourth quarter. Deutsche Bank AG now owns 85,206 shares of the company's stock worth $1,288,000 after purchasing an additional 2,463 shares during the period. 58.61% of the stock is currently owned by institutional investors and hedge funds.
New Fortress Energy Stock Performance
The company has a quick ratio of 0.35, a current ratio of 0.38 and a debt-to-equity ratio of 4.06. The company has a market cap of $725.50 million, a PE ratio of 2.91 and a beta of 1.45. The stock's 50 day simple moving average is $5.67 and its two-hundred day simple moving average is $9.99.
New Fortress Energy (NASDAQ:NFE - Get Free Report) last released its quarterly earnings data on Monday, March 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.07. The company had revenue of $679.00 million during the quarter, compared to analyst estimates of $613.24 million. New Fortress Energy had a net margin of 7.84% and a return on equity of 15.60%. As a group, research analysts anticipate that New Fortress Energy Inc. will post 0.36 earnings per share for the current year.
New Fortress Energy Company Profile
(
Get Free Report)
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.
See Also
Before you consider New Fortress Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New Fortress Energy wasn't on the list.
While New Fortress Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
