New Fortress Energy (NASDAQ:NFE - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $613.24 million for the quarter.
New Fortress Energy Stock Performance
Shares of NFE stock traded down $0.11 during mid-day trading on Friday, hitting $10.00. The stock had a trading volume of 9,190,980 shares, compared to its average volume of 4,228,548. New Fortress Energy has a fifty-two week low of $7.82 and a fifty-two week high of $35.58. The company's 50-day simple moving average is $13.86 and its 200-day simple moving average is $11.67. The firm has a market cap of $2.73 billion, a PE ratio of 10.99 and a beta of 1.49. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.38 and a quick ratio of 0.35.
Analyst Ratings Changes
Several analysts have weighed in on NFE shares. Stifel Nicolaus raised their price target on New Fortress Energy from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft raised shares of New Fortress Energy from a "sell" rating to a "hold" rating and set a $11.00 price objective on the stock in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, New Fortress Energy presently has an average rating of "Hold" and an average target price of $15.40.
Check Out Our Latest Stock Analysis on New Fortress Energy
About New Fortress Energy
(
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.
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