NASDAQ:NFE New Fortress Energy (NFE) Stock Forecast, Price & News $30.53 +0.16 (+0.53%) (As of 09/20/2023 ET) Add Compare Share Share Today's Range$30.08▼$31.0350-Day Range$26.37▼$32.2852-Week Range$25.06▼$60.33Volume736,729 shsAverage Volume1.26 million shsMarket Capitalization$6.26 billionP/E Ratio16.24Dividend Yield1.31%Price Target$49.78 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media New Fortress Energy MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside63.0% Upside$49.78 Price TargetShort InterestBearish9.44% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.27Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth47.56%From $3.49 to $5.15 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.89 out of 5 starsOils/Energy Sector33rd out of 244 stocksNatural Gas Distribution Industry1st out of 10 stocks 3.4 Analyst's Opinion Consensus RatingNew Fortress Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $49.78, New Fortress Energy has a forecasted upside of 63.0% from its current price of $30.53.Amount of Analyst CoverageNew Fortress Energy has only been the subject of 3 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted9.44% of the float of New Fortress Energy has been sold short.Short Interest Ratio / Days to CoverNew Fortress Energy has a short interest ratio ("days to cover") of 7.8.Change versus previous monthShort interest in New Fortress Energy has recently increased by 5.66%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldNew Fortress Energy pays a meaningful dividend of 1.32%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthNew Fortress Energy has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of New Fortress Energy is 21.28%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, New Fortress Energy will have a dividend payout ratio of 7.77% next year. This indicates that New Fortress Energy will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NFE. Previous Next 2.4 News and Social Media Coverage News SentimentNew Fortress Energy has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 4 news articles for New Fortress Energy this week, compared to 3 articles on an average week.Search InterestOnly 19 people have searched for NFE on MarketBeat in the last 30 days. This is a decrease of -53% compared to the previous 30 days.MarketBeat Follows6 people have added New Fortress Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, New Fortress Energy insiders have not sold or bought any company stock.Percentage Held by Insiders37.10% of the stock of New Fortress Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions50.16% of the stock of New Fortress Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for New Fortress Energy are expected to grow by 47.56% in the coming year, from $3.49 to $5.15 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Fortress Energy is 16.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.81.Price to Earnings Ratio vs. SectorThe P/E ratio of New Fortress Energy is 16.24, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.95.Price to Earnings Growth RatioNew Fortress Energy has a PEG Ratio of 0.31. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioNew Fortress Energy has a P/B Ratio of 4.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About New Fortress Energy (NASDAQ:NFE) StockNew 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.Read More NFE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NFE Stock News HeadlinesSeptember 17, 2023 | americanbankingnews.comNew Fortress Energy (NASDAQ:NFE) PT Lowered to $43.00September 15, 2023 | msn.comAn Bord Pleanála rejects application to construct Shannon LNG terminalSeptember 21, 2023 | Edge On The Street (Ad)Is Gold Really Boring?Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks. September 12, 2023 | bizjournals.com$220M in funding later, Natick cleantech startup Electric Hydrogen lands major customerSeptember 12, 2023 | finance.yahoo.comAssessing the Sustainability of New Fortress Energy Inc's DividendAugust 16, 2023 | theglobeandmail.com2 Energy Stocks Wall Street Predicts Will Rally 25% or MoreAugust 9, 2023 | businesswire.comAbout New Fortress Energy Inc.August 9, 2023 | msn.comUnusual Put Option Trade in New Fortress Energy Inc - (NFE) Worth $720.98KSeptember 21, 2023 | Edge On The Street (Ad)Is Gold Really Boring?Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks. August 9, 2023 | finance.yahoo.comDoes New Fortress Energy (NASDAQ:NFE) Deserve A Spot On Your Watchlist?August 9, 2023 | markets.businessinsider.comBank of America Securities Sticks to Their Hold Rating for New Fortress Energy (NFE)August 8, 2023 | msn.comNew Fortress to launch operations at Mexican FLNG plant in SeptemberAugust 8, 2023 | finance.yahoo.comNew Fortress Energy Announces Second Quarter 2023 ResultsAugust 8, 2023 | finance.yahoo.comNew Fortress to start operations of second, third Fast LNG units in 2025August 8, 2023 | finance.yahoo.comNew Fortress to begin operations at Mexican floating LNG plant in SeptAugust 8, 2023 | finance.yahoo.comNew Fortress Energy (NFE) Q2 Earnings Surpass EstimatesAugust 8, 2023 | finance.yahoo.comUPDATE 1-New Fortress to begin operations at Mexican floating LNG plant in SeptAugust 8, 2023 | seekingalpha.comNew Fortress Energy Inc. 2023 Q2 - Results - Earnings Call PresentationJuly 31, 2023 | markets.businessinsider.comThe Latest Analyst Ratings for New Fortress EnergyJuly 31, 2023 | markets.businessinsider.comBarclays Reaffirms Their Hold Rating on New Fortress Energy (NFE)July 28, 2023 | msn.comMorgan Stanley Reiterates New Fortress Energy Inc - (NFE) Overweight RecommendationJuly 25, 2023 | msn.comMorgan Stanley Maintains New Fortress Energy Inc - (NFE) Overweight RecommendationJuly 14, 2023 | msn.comNew Fortress: A Better Valuation After Strong Q1 Results, Improved Technicals (Rating Upgrade)July 13, 2023 | finance.yahoo.comNew Fortress Energy Schedules Second Quarter 2023 Earnings Release and Conference CallJune 23, 2023 | benzinga.comOcean Point Terminals Announces Arrival of First LNG Carrier and Start of New Business LineJune 10, 2023 | msn.comB of A Securities Downgrades New Fortress Energy Inc - (NFE)June 2, 2023 | finance.yahoo.comNew Fortress Energy Receives Mexico Export Authorization For Altamira Fast LNG ProjectSee 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. Email Address NFE Company Calendar Ex-Dividend for 6/28 Dividend6/14/2023Dividend Payable6/28/2023Last Earnings8/08/2023Ex-Dividend for 9/27 Dividend9/12/2023Today9/20/2023Dividend Payable9/27/2023Next Earnings (Estimated)11/14/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Natural gas distribution Sub-IndustryN/A SectorOils/Energy Current SymbolNASDAQ:NFE CUSIPN/A CIK1749723 Webwww.newfortressenergy.com Phone(516) 268-7400FaxN/AEmployees577Year FoundedN/APrice Target and Rating Average Stock Price Forecast$49.78 High Stock Price Forecast$74.00 Low Stock Price Forecast$31.00 Forecasted Upside/Downside+63.0%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$1.88 Trailing P/E Ratio16.24 Forward P/E Ratio8.75 P/E Growth0.31Net Income$194.48 million Net Margins16.35% Pretax Margin18.64% Return on Equity35.70% Return on Assets7.08% Debt Debt-to-Equity Ratio3.27 Current Ratio0.35 Quick Ratio0.28 Sales & Book Value Annual Sales$2.42 billion Price / Sales2.59 Cash Flow$3.44 per share Price / Cash Flow8.88 Book Value$6.91 per share Price / Book4.42Miscellaneous Outstanding Shares205,031,000Free Float128,964,000Market Cap$6.26 billion OptionableNot Optionable Beta1.56 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Wesley Robert Edens (Age 61)Founder, Chairman & CEO Mr. Christopher S. Guinta (Age 40)Chief Financial Officer Comp: $2MMs. Yunyoung Shin (Age 45)Chief Accounting Officer Comp: $1.05MMr. Brett MagillHead of Investor Relations & MDJake SuskiManaging Director of Public AffairsMr. Brannen McElmurrayMD & Chief Devel. OfficerMr. Sam AbdallaHead of Distributed Generation Projects & VP of Project Devel.Mr. Cameron D. MacDougall Esq. (Age 47)Sec. Mr. Joshua KaneVP of Investor RelationsMr. Patrick Thomas HughesExec. OfficerMore ExecutivesKey CompetitorsUltrapar ParticipaçõesNYSE:UGPExcelerate EnergyNYSE:EETransoceanNYSE:RIGPDC EnergyNASDAQ:PDCENextrackerNASDAQ:NXTView All CompetitorsInsiders & InstitutionsPortside Wealth Group LLCBought 62,480 shares on 9/1/2023Ownership: 0.030%Wolverine Trading LLCSold 6,600 shares on 8/23/2023Ownership: 0.000%California State Teachers Retirement SystemBought 18,459 shares on 8/21/2023Ownership: 0.037%VisionPoint Advisory Group LLCBought 33,464 shares on 8/21/2023Ownership: 0.016%Castleark Management LLCSold 1,460 shares on 8/16/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions NFE Stock - Frequently Asked Questions Should I buy or sell New Fortress Energy stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research 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 forecast for 2023? 8 Wall Street research analysts have issued 1-year target prices for New Fortress Energy's shares. Their NFE share price forecasts range from $31.00 to $74.00. On average, they expect the company's stock price to reach $49.78 in the next twelve months. This suggests a possible upside of 63.0% 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 start of the year. Since then, NFE stock has decreased by 28.0% and is now trading at $30.53. 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, November 14th 2023. View our NFE earnings forecast. How were New Fortress Energy's earnings last quarter? New Fortress Energy Inc. (NASDAQ:NFE) issued its quarterly earnings results on Tuesday, August, 8th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. The business had revenue of $561.35 million for the quarter, compared to the consensus estimate of $573.60 million. New Fortress Energy had a net margin of 16.35% and a trailing twelve-month return on equity of 35.70%. The firm's revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.69 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 Monday, August 7th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.10 per share on Wednesday, September 27th. This represents a $0.40 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Tuesday, September 12th. Read our dividend analysis for NFE. What ETFs hold New Fortress Energy's stock? ETFs with the largest weight of New Fortress Energy (NASDAQ:NFE) stock in their portfolio include Pacer American Energy Independence ETF (USAI), Ecofin U.S. Renewables Infrastructure Trust (RNEW), Clough Select Equity ETF (CBSE), Clough Long/Short Equity ETF (CBLS), InfraCap Equity Income Fund ETF (ICAP), InfraCap MLP ETF (AMZA), KraneShares Global Carbon Transformation ETF (KGHG) and First Trust Energy AlphaDEX Fund (FXN). 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 1.24%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NFE will have a dividend payout ratio of 7.77% 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 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. 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 many different retail and institutional investors. Top institutional investors include Capital World Investors (5.26%), William Blair Investment Management LLC (2.73%), BlackRock Inc. (1.57%), Kailix Advisors LLC (0.67%), Geode Capital Management LLC (0.45%) and State Street Corp (0.43%). 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. What is New Fortress Energy's stock price today? One share of NFE stock can currently be purchased for approximately $30.53. How much money does New Fortress Energy make? New Fortress Energy (NASDAQ:NFE) has a market capitalization of $6.26 billion and generates $2.42 billion in revenue each year. The company earns $194.48 million in net income (profit) each year or $1.88 on an earnings per share basis. How many employees does New Fortress Energy have? The company employs 577 workers across the globe. 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 official website for the company is www.newfortressenergy.com. The company can be reached via phone at (516) 268-7400 or via email at ir@newfortressenergy.com. This page (NASDAQ:NFE) was last updated on 9/21/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding New Fortress Energy Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.