NASDAQ:NFE

New Fortress Energy Stock Forecast, Price & News

$27.89
-0.53 (-1.86 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$27.40
$28.32
50-Day Range
$26.50
$35.38
52-Week Range
$25.85
$65.90
Volume1.22 million shs
Average Volume550,293 shs
Market Capitalization$4.91 billion
P/E RatioN/A
Dividend Yield1.41%
Beta1.61
30 days | 90 days | 365 days | Advanced Chart
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New Fortress Energy logo

About New Fortress Energy

New Fortress Energy Inc. is a holding company, which engages in the management of integrated gas-to-power energy infrastructure. It funds, builds, and operates natural gas infrastructure and logistics to deliver energy solutions. The company was founded by Wesley Robert Edens on February 25, 2014 and is headquartered in New York, NY.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

3.09 out of 5 stars

Oils/Energy Sector

4th out of 346 stocks

Natural Gas Distribution Industry

1st out of 11 stocks

Analyst Opinion: 3.3Community Rank: 4.4Dividend Strength: 1.7Insider Behavior: 4.2Valuation: 1.9 5 -4 -3 -2 -1 -
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New Fortress Energy (NASDAQ:NFE) Frequently Asked Questions

Is New Fortress Energy a buy right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" New Fortress Energy stock.
View analyst ratings for New Fortress Energy
or view top-rated stocks.

What stocks does MarketBeat like better than New Fortress Energy?

Wall Street analysts have given New Fortress Energy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but New Fortress Energy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting New Fortress Energy?

New Fortress Energy saw a increase in short interest in the month of July. As of July 30th, there was short interest totaling 5,180,000 shares, an increase of 16.4% from the July 15th total of 4,450,000 shares. Based on an average daily volume of 588,600 shares, the days-to-cover ratio is currently 8.8 days. Currently, 8.5% of the shares of the stock are short sold.
View New Fortress Energy's Short Interest
.

When is New Fortress Energy's next earnings date?

New Fortress Energy is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for New Fortress Energy
.

How were New Fortress Energy's earnings last quarter?

New Fortress Energy Inc. (NASDAQ:NFE) announced its quarterly earnings data on Wednesday, August, 4th. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.05) by $0.02. The firm had revenue of $223.80 million for the quarter, compared to analysts' expectations of $288.72 million. New Fortress Energy had a negative trailing twelve-month return on equity of 4.86% and a negative net margin of 12.29%. The firm's quarterly revenue was up 136.6% compared to the same quarter last year.
View New Fortress Energy's earnings history
.

How has New Fortress Energy's stock been impacted by COVID-19?

New Fortress Energy's stock was trading at $11.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, NFE stock has increased by 153.1% and is now trading at $27.89.
View which stocks have been most impacted by COVID-19
.

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 Wednesday, August 4th. Stockholders of record on Tuesday, September 7th will be paid a dividend of $0.10 per share on Friday, September 17th. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, September 3rd.
View New Fortress Energy's dividend history
.

Is New Fortress Energy a good dividend stock?

New Fortress Energy pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.41%.
View New Fortress Energy's dividend history.

What price target have analysts set for NFE?

6 brokers have issued 1 year price objectives for New Fortress Energy's stock. Their forecasts range from $34.00 to $69.00. On average, they expect New Fortress Energy's share price to reach $49.00 in the next year. This suggests a possible upside of 75.7% from the stock's current price.
View analysts' price targets for New Fortress Energy
or view top-rated stocks among Wall Street analysts.

Who are New Fortress Energy's key executives?

New Fortress Energy's management team includes the following people:
  • Wesley Robert Edens, Chairman & Chief Executive Officer
  • Christopher S. Guinta, Chief Financial Officer
  • Yun Young Shin, Chief Accounting Officer
  • Cameron D. MacDougall, Secretary

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

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

Who are some of New Fortress Energy's key competitors?

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?

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

What is New Fortress Energy's stock symbol?

New Fortress Energy trades on the NASDAQ under the ticker symbol "NFE."

Who are New Fortress Energy's major shareholders?

New Fortress Energy's stock is owned by a number of institutional and retail investors. Top institutional investors include Great Mountain Partners LLC (19.02%), Vanguard Group Inc. (3.77%), William Blair Investment Management LLC (1.95%), State Street Corp (0.79%), BlackRock Inc. (0.78%) and JPMorgan Chase & Co. (0.42%). Company insiders that own New Fortress Energy stock include C William Griffin, John J Mack, Katherine Wanner, Larry M Hutchison, Nfe Smrs Holdings Llc and Robert A Katz.
View institutional ownership trends for New Fortress Energy
.

Which major investors are selling New Fortress Energy stock?

NFE stock was sold by a variety of institutional investors in the last quarter, including Great Mountain Partners LLC, FMR LLC, Marshall Wace LLP, Marshall Wace LLP, Goldman Sachs Group Inc., Cubist Systematic Strategies LLC, Susquehanna Fundamental Investments LLC, and Millennium Management LLC. Company insiders that have sold New Fortress Energy company stock in the last year include Larry M Hutchison, Nfe Smrs Holdings Llc, and Robert A Katz.
View insider buying and selling activity for New Fortress Energy
or view top insider-selling stocks.

Which major investors are buying New Fortress Energy stock?

NFE stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., BlackRock Inc., JPMorgan Chase & Co., State Street Corp, Geode Capital Management LLC, Charles Schwab Investment Management Inc., Northern Trust Corp, and Allianz Asset Management GmbH. Company insiders that have bought New Fortress Energy stock in the last two years include C William Griffin, John J Mack, and Katherine Wanner.
View insider buying and selling activity for New Fortress Energy
or or view top insider-buying stocks.

How do I buy shares of New Fortress Energy?

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

What is New Fortress Energy's stock price today?

One share of NFE stock can currently be purchased for approximately $27.89.

How much money does New Fortress Energy make?

New Fortress Energy has a market capitalization of $4.91 billion and generates $451.65 million in revenue each year. The company earns $-182,150,000.00 in net income (profit) each year or ($0.55) on an earnings per share basis.

How many employees does New Fortress Energy have?

New Fortress Energy employs 231 workers across the globe.

What is New Fortress Energy's official website?

The official website for New Fortress Energy is www.newfortressenergy.com.

Where are New Fortress Energy's headquarters?

New Fortress Energy is headquartered at 111 W. 19TH STREET 8TH FLOOR, NEW YORK NY, 10011.

How can I contact New Fortress Energy?

New Fortress Energy's mailing address is 111 W. 19TH STREET 8TH FLOOR, NEW YORK NY, 10011. The company can be reached via phone at (516) 268-7400 or via email at [email protected]


This page was last updated on 9/18/2021 by MarketBeat.com Staff
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