NASDAQ:NFE - New Fortress Energy Stock Price, Forecast & News

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

New Fortress Energy LLC (NASDAQ:NFE) announced its earnings results on Monday, November, 11th. The company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.23) by $0.07. The company had revenue of $49.66 million for the quarter, compared to analysts' expectations of $40.41 million. New Fortress Energy had a negative return on equity of 14.58% and a negative net margin of 40.60%. View New Fortress Energy's Earnings History.

New Fortress Energy is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for New Fortress Energy.

9 brokerages have issued twelve-month price targets for New Fortress Energy's shares. Their forecasts range from $17.00 to $30.00. On average, they expect New Fortress Energy's share price to reach $22.33 in the next twelve months. This suggests a possible upside of 43.0% from the stock's current price. View Analyst Price Targets for New Fortress Energy.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for New Fortress Energy.

News stories about NFE stock have trended somewhat negative recently, InfoTrie reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. New Fortress Energy earned a media sentiment score of -1.5 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for New Fortress Energy.

Some companies that are related to New Fortress Energy include Ultrapar Participacoes (UGP), ENAGAS S A/ADR (ENGGY), ONE Gas (OGS), Spire (SR), New Jersey Resources (NJR), National Fuel Gas (NFG), South Jersey Industries (SJI), Northwest Natural (NWN) and Just Energy Group (JE).

Based on aggregate information from My MarketBeat watchlists, some companies that other New Fortress Energy investors own include Tesla (TSLA), Caterpillar (CAT), Energy Transfer LP Unit (ET), NIO (NIO), American Airlines Group (AAL), Electronic Arts (EA), Intra-Cellular Therapies (ITCI), Novavax (NVAX), American International Group (AIG) and Designer Brands (DBI).

(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 served as the underwriters for the IPO and Evercore ISI, Allen & Company, JMP Securities and Stifel were co-managers.

New Fortress Energy's stock is owned by many different of retail and institutional investors. Top institutional investors include Endurance Wealth Management Inc. (0.03%). Company insiders that own New Fortress Energy stock include C William Griffin, David J Grain, John J Mack, Katherine Wanner, Randal A Nardone and Wesley R Edens. View Institutional Ownership Trends for New Fortress Energy.

NFE stock was sold by a variety of institutional investors in the last quarter, including Endurance Wealth Management Inc.. View Insider Buying and Selling for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of NFE stock can currently be purchased for approximately $15.62.

New Fortress Energy has a market capitalization of $2.62 billion and generates $112.30 million in revenue each year. View Additional Information About New Fortress Energy.

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

New Fortress Energy's mailing address is 111 WEST 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]