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NASDAQ:NFE

New Fortress Energy (NFE) Stock Price, News & Analysis

$28.20
+0.71 (+2.58%)
(As of 04:00 PM ET)
Today's Range
$27.42
$28.41
50-Day Range
$27.49
$35.15
52-Week Range
$25.06
$40.04
Volume
971,913 shs
Average Volume
1.31 million shs
Market Capitalization
$5.78 billion
P/E Ratio
10.64
Dividend Yield
1.42%
Price Target
$39.29

New Fortress Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
40.8% Upside
$39.29 Price Target
Short Interest
Bearish
12.78% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.71mentions of New Fortress Energy in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
20.11%
From $3.73 to $4.48 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.82 out of 5 stars

Oils/Energy Sector

80th out of 234 stocks

Natural Gas Distribution Industry

6th out of 12 stocks

NFE stock logo

About New Fortress Energy Stock (NASDAQ:NFE)

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. The Ships segment offers floating storage and regasification units (FRSU) and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; Dual-fired combined heat and power facility in Clarendon, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; and LNG receiving facility and gas-fired power plant in Baja Califrnia Sur, Mexico, as well as a Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.

NFE Stock Price History

NFE Stock News Headlines

3 Long-Term Stocks to Buy Now: Q2 Edition
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Guru Fundamental Report for NFE
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Barclays Remains a Hold on New Fortress Energy (NFE)
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Ex-Dividend for 3/27 Dividend
3/14/2024
Dividend Payable
3/27/2024
Today
4/18/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas distribution
Sub-Industry
N/A
Current Symbol
NASDAQ:NFE
Fax
N/A
Employees
677
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$39.29
High Stock Price Target
$45.00
Low Stock Price Target
$31.00
Potential Upside/Downside
+40.7%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$547.88 million
Pretax Margin
27.53%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$3.75 per share
Book Value
$8.67 per share

Miscellaneous

Free Float
128,966,000
Market Cap
$5.73 billion
Optionable
Optionable
Beta
1.53
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Key Executives

  • Mr. Wesley Robert Edens (Age 62)
    Founder, Chairman & CEO
  • Mr. Christopher S. Guinta (Age 41)
    Chief Financial Officer
    Comp: $2M
  • Ms. Yunyoung Shin (Age 46)
    Chief Accounting Officer
    Comp: $1.05M
  • Mr. Brett Magill
    Head of Investor Relations & MD
  • Jake Suski
    Managing Director of Public Affairs
  • Mr. Brannen McElmurray
    MD & Chief Development Officer
  • Mr. Sam Abdalla
    Head of Distributed Generation Projects & VP of Project Development
  • Mr. Cameron D. MacDougall Esq. (Age 48)
    Secretary
  • Mr. Joshua Kane
    Vice President of Investor Relations
  • Mr. Patrick Thomas Hughes
    Executive Officer

NFE Stock Analysis - Frequently Asked Questions

Should I buy or sell New Fortress Energy stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NFE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NFE, but not buy additional shares or sell existing shares.
View NFE analyst ratings
or view top-rated stocks.

What is New Fortress Energy's stock price target for 2024?

7 brokers have issued 12 month price targets for New Fortress Energy's shares. Their NFE share price targets range from $31.00 to $45.00. On average, they predict the company's stock price to reach $39.29 in the next year. This suggests a possible upside of 40.8% from the stock's current price.
View analysts price targets for NFE
or view top-rated stocks among Wall Street analysts.

How have NFE shares performed in 2024?

New Fortress Energy's stock was trading at $37.73 on January 1st, 2024. Since then, NFE shares have decreased by 26.0% and is now trading at $27.91.
View the best growth stocks for 2024 here
.

When is New Fortress Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our NFE earnings forecast
.

How can I listen to New Fortress Energy's earnings call?

New Fortress Energy will be holding an earnings conference call on Wednesday, May 8th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were New Fortress Energy's earnings last quarter?

New Fortress Energy Inc. (NASDAQ:NFE) announced its quarterly earnings data on Thursday, February, 29th. The company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. The company earned $758.60 million during the quarter, compared to the consensus estimate of $647.54 million. New Fortress Energy had a trailing twelve-month return on equity of 36.16% and a net margin of 22.70%. New Fortress Energy's revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter last year, the business earned $0.87 EPS.

How often does New Fortress Energy pay dividends? What is the dividend yield for New Fortress Energy?

New Fortress Energy declared a quarterly dividend on Thursday, February 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.10 per share on Wednesday, March 27th. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for NFE
.

Is New Fortress Energy a good dividend stock?

New Fortress Energy (NASDAQ:NFE) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.45%. The dividend payout ratio is 15.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NFE will have a dividend payout ratio of 8.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NFE.

What is Wesley Edens' approval rating as New Fortress Energy's CEO?

2 employees have rated New Fortress Energy Chief Executive Officer Wesley Edens on Glassdoor.com. Wesley Edens has an approval rating of 100% among the company's employees. This puts Wesley Edens in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of New Fortress Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other New Fortress Energy investors own include Coty (COTY), Designer Brands (DBI), Energy Transfer (ET), Kohl's (KSS), Pfizer (PFE), AT&T (T), Tapestry (TPR), Tesla (TSLA), WW International (WW) and AbbVie (ABBV).

When did New Fortress Energy IPO?

New Fortress Energy (NFE) raised $300 million in an initial public offering on Thursday, January 31st 2019. The company issued 20,000,000 shares at a price of $15.00 per share. Morgan Stanley, Barclays, Citigroup and Credit Suisse served as the underwriters for the IPO and Evercore ISI, Allen & Company, JMP Securities and Stifel were co-managers.

Who are New Fortress Energy's major shareholders?

New Fortress Energy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%). Insiders that own company stock include Desmond Iain Catterall, Energy Transition Holdings Llc, John J Mack, Katherine Wanner, Larry M Hutchison, Nfe Smrs Holdings Llc, Robert A Katz and Timothy W Jay.
View institutional ownership trends
.

How do I buy shares of New Fortress Energy?

Shares of NFE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:NFE) was last updated on 4/18/2024 by MarketBeat.com Staff

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