S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
New CBOE “special perk” helps traders target income every weekend (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
New CBOE “special perk” helps traders target income every weekend (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
New CBOE “special perk” helps traders target income every weekend (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
New CBOE “special perk” helps traders target income every weekend (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months

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

$37.88
+0.48 (+1.28%)
(As of 12/8/2023 08:57 PM ET)
Compare
Today's Range
$37.29
$38.48
50-Day Range
$27.64
$39.71
52-Week Range
$25.06
$50.85
Volume
998,500 shs
Average Volume
1.47 million shs
Market Capitalization
$7.77 billion
P/E Ratio
20.04
Dividend Yield
1.06%
Price Target
$43.71

New Fortress Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
15.4% Upside
$43.71 Price Target
Short Interest
Bearish
11.12% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.40mentions of New Fortress Energy in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
94.60%
From $2.78 to $5.41 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.79 out of 5 stars

Oils/Energy Sector

46th out of 222 stocks

Natural Gas Distribution Industry

2nd out of 10 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; landed micro-fuel handling facility in San Juan, Puerto Rico; FRSU in Sergipe, Brazil; and LNG receiving facility in La Paz, Mexico, as well as 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

Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
New Fortress Energy Inc Class A NFE
5 Best Short-Term Stocks to Invest In
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
New Fortress Energy Inc Q3 Profit misses estimates
New Fortress Energy Announces Third Quarter 2023 Results
US natgas prices drop 4% on record output, mild weather
See More Headlines
Receive NFE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for New Fortress Energy and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 9/27 Dividend
9/12/2023
Dividend Payable
9/27/2023
Last Earnings
11/08/2023
Today
12/10/2023
Ex-Dividend for 12/27 Dividend
12/12/2023
Dividend Payable
12/27/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/27/2024

Industry, Sector and Symbol

Industry
Natural gas distribution
Sub-Industry
N/A
Current Symbol
NASDAQ:NFE
Fax
N/A
Employees
577
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$43.71
High Stock Price Target
$60.00
Low Stock Price Target
$31.00
Potential Upside/Downside
+15.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$194.48 million
Pretax Margin
21.45%

Debt

Sales & Book Value

Annual Sales
$2.20 billion
Cash Flow
$3.50 per share
Book Value
$6.91 per share

Miscellaneous

Free Float
128,964,000
Market Cap
$7.77 billion
Optionable
Not Optionable
Beta
1.59
10 Best Stocks to Own in 2024 Cover

Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio.

Get This Free Report

Key Executives

  • Mr. Wesley Robert Edens (Age 61)
    Founder, Chairman & CEO
  • Mr. Christopher S. Guinta (Age 40)
    Chief Financial Officer
    Comp: $2M
  • Ms. Yunyoung Shin (Age 45)
    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 47)
    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 twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NFE shares.
View NFE analyst ratings
or view top-rated stocks.

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

7 analysts have issued 1-year price targets for New Fortress Energy's shares. Their NFE share price targets range from $31.00 to $60.00. On average, they predict the company's stock price to reach $43.71 in the next year. This suggests a possible upside of 15.4% 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 2023?

New Fortress Energy's stock was trading at $42.42 at the beginning of 2023. Since then, NFE stock has decreased by 10.7% and is now trading at $37.88.
View the best growth stocks for 2023 here
.

When is New Fortress Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our NFE earnings forecast
.

How were New Fortress Energy's earnings last quarter?

New Fortress Energy Inc. (NASDAQ:NFE) posted its quarterly earnings results on Wednesday, November, 8th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.11. The business earned $514.50 million during the quarter, compared to analyst estimates of $499.57 million. New Fortress Energy had a trailing twelve-month return on equity of 36.59% and a net margin of 17.93%. New Fortress Energy's quarterly revenue was down 12.0% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS.

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

New Fortress Energy announced a quarterly dividend on Wednesday, November 8th. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.10 per share on Wednesday, December 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, December 12th.
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 1.04%. The dividend payout ratio is 21.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NFE will have a dividend payout ratio of 7.39% 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?

(NFE) raised $300 million in an initial public offering (IPO) on Thursday, January 31st 2019. The company issued 20,000,000 shares at $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 many different institutional and retail investors. Top institutional investors include William Blair Investment Management LLC (3.06%), Federated Hermes Inc. (2.15%), FMR LLC (1.68%), Invesco Ltd. (1.67%), Morgan Stanley (0.84%) and Kailix Advisors LLC (0.59%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:NFE) was last updated on 12/11/2023 by MarketBeat.com Staff

My Account -