New Fortress Energy - NFE Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last year. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NFE shares.
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9 brokerages have issued 12 month price objectives for New Fortress Energy's stock. Their NFE share price forecasts range from $48.00 to $74.00. On average, they anticipate the company's share price to reach $60.90 in the next year. This suggests a possible upside of 52.9% from the stock's current price.
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New Fortress Energy's stock was trading at $42.42 at the beginning of the year. Since then, NFE shares have decreased by 6.1% and is now trading at $39.82.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our NFE earnings forecast.

New Fortress Energy will be holding an earnings conference call on Tuesday, February 28th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

New Fortress Energy Inc. (NASDAQ:NFE) announced its quarterly earnings data on Tuesday, November, 8th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.99 by $0.58. The firm had revenue of $731.93 million for the quarter, compared to analyst estimates of $741.10 million. New Fortress Energy had a net margin of 11.38% and a trailing twelve-month return on equity of 33.81%.

New Fortress Energy announced a Variable dividend on Thursday, January 26th. Shareholders of record on Tuesday, February 7th will be paid a dividend of $0.547 per share on Wednesday, February 15th. The ex-dividend date of this dividend is Monday, February 6th.
Read our dividend analysis for NFE.

New Fortress Energy (NASDAQ:NFE) pays an annual dividend of $3.40 per share and currently has a dividend yield of 8.54%. NFE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 255.64%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, NFE will have a dividend payout ratio of 57.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NFE.

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.

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).

(NFE) raised $300 million in an 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.

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

New Fortress Energy's stock is owned by many different retail and institutional investors. Top institutional shareholders include Endurance Wealth Management Inc. (0.06%), Viking Fund Management LLC (0.05%), Simplex Trading LLC (0.00%), New York State Common Retirement Fund (0.04%), State of New Jersey Common Pension Fund D (0.02%) and Nisa Investment Advisors LLC (0.02%). Insiders that own company stock include C William Griffin, Energy Transition Holdings Llc, John J Mack, John J Mack, Katherine Wanner, Larry M Hutchison, Nfe Smrs Holdings Llc and Robert A Katz.
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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.
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One share of NFE stock can currently be purchased for approximately $39.82.

New Fortress Energy (NASDAQ:NFE) has a market capitalization of $8.31 billion and generates $1.32 billion in revenue each year. The company earns $97.10 million in net income (profit) each year or $1.33 on an earnings per share basis.

The company employs 671 workers across the globe.

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.