NASDAQ:NFE

New Fortress Energy Stock Forecast, Price & News

$30.71
+0.74 (+2.47 %)
(As of 08/3/2021 12:00 AM ET)
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Today's Range
$29.31
$30.87
50-Day Range
$29.70
$44.89
52-Week Range
$20.53
$65.90
Volume573,085 shs
Average Volume554,758 shs
Market Capitalization$5.40 billion
P/E RatioN/A
Dividend Yield1.32%
Beta1.63
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New Fortress Energy logo

About New Fortress Energy

New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company, provides energy and development services to end-users worldwide. The company engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. It also supplies LNG. 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; and landed micro-fuel handling facility in San Juan, Puerto Rico, as well as Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.

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MarketRank

Overall MarketRank

3.06 out of 5 stars

Oils/Energy Sector

9th out of 343 stocks

Natural Gas Distribution Industry

1st out of 11 stocks

Analyst Opinion: 3.4Community Rank: 4.3Dividend 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?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last year. There are currently 3 hold ratings and 7 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 June. As of June 30th, there was short interest totaling 4,130,000 shares, an increase of 25.9% from the June 15th total of 3,280,000 shares. Based on an average daily volume of 545,000 shares, the short-interest ratio is presently 7.6 days. Approximately 6.8% of the company's shares 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, August 5th 2021.
View our earnings forecast for New Fortress Energy
.

How can I listen to New Fortress Energy's earnings call?

New Fortress Energy will be holding an earnings conference call on Thursday, August 5th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-537-3406 with passcode "8769417".

How were New Fortress Energy's earnings last quarter?

New Fortress Energy Inc. (NASDAQ:NFE) announced its quarterly earnings data on Friday, May, 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by $0.26. The company earned $145.70 million during the quarter, compared to analysts' expectations of $189.44 million. New Fortress Energy had a negative trailing twelve-month return on equity of 28.02% and a negative net margin of 40.46%. The company's quarterly revenue was up 95.6% on a year-over-year basis.
View New Fortress Energy's earnings history
.

How has New Fortress Energy's stock price been impacted by COVID-19 (Coronavirus)?

New Fortress Energy's stock was trading at $11.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NFE stock has increased by 178.7% and is now trading at $30.71.
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 announced a quarterly dividend on Friday, May 7th. Stockholders of record on Tuesday, June 1st will be paid a dividend of $0.10 per share on Friday, June 11th. This represents a $0.40 annualized dividend and a yield of 1.30%. The ex-dividend date is Friday, May 28th.
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 1.32%.
View New Fortress Energy's dividend history.

What price target have analysts set for NFE?

10 equities research analysts have issued 12 month price objectives for New Fortress Energy's shares. Their forecasts range from $26.00 to $69.00. On average, they anticipate New Fortress Energy's stock price to reach $45.50 in the next twelve months. This suggests a possible upside of 48.2% 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:
  • Mr. Wesley Robert Edens, Chairman & CEO (Age 59)
  • Mr. Christopher S. Guinta, Chief Financial Officer (Age 37, Pay $1.25M)
  • Ms. Yunyoung Shin, Chief Accounting Officer (Age 43, Pay $900k)
  • Mr. Alan John Andreini, Head of Investor Relations (Age 74)
  • Jake Suski, Managing Director of Public Affairs
  • Mr. Brannen McElmurray, Chief Devel. Officer
  • Mr. Sam Abdalla, Head of Distributed Generation Projects
  • Mr. Cameron D. MacDougall Esq., Sec. (Age 45)

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 (IPO) 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 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 variety of retail and institutional investors. Top institutional investors include Southern Farm Bureau Life Insurance (0.21%), New York State Common Retirement Fund (0.02%), Alliancebernstein L.P. (0.01%), Victory Capital Management Inc. (0.01%), Tuttle Tactical Management (0.01%) and TD Capital Management LLC (0.01%). 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 Southern Farm Bureau Life Insurance. 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 purchased by a variety of institutional investors in the last quarter, including New York State Common Retirement Fund, Alliancebernstein L.P., TD Capital Management LLC, Victory Capital Management Inc., Tuttle Tactical Management, Advisors Asset Management Inc., and Advisor Group Holdings Inc.. 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 $30.71.

How much money does New Fortress Energy make?

New Fortress Energy has a market capitalization of $5.40 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 8/4/2021 by MarketBeat.com Staff
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