NASDAQ:NFENew Fortress Energy Stock Price, Forecast & News

New Fortress Energy's stock was trading at $11.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, NFE shares have increased by 59.4% and is now trading at $17.57. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for New Fortress Energy.

New Fortress Energy is scheduled to release its next quarterly earnings announcement on Monday, August 10th 2020. View our earnings forecast for New Fortress Energy.

New Fortress Energy LLC (NASDAQ:NFE) released its quarterly earnings data on Monday, May, 4th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.22) by $0.10. The business had revenue of $74.53 million for the quarter, compared to analyst estimates of $94.26 million. New Fortress Energy had a negative net margin of 12.22% and a negative return on equity of 7.19%. View New Fortress Energy's earnings history.

5 analysts have issued 12-month price targets for New Fortress Energy's shares. Their forecasts range from $16.00 to $30.00. On average, they anticipate New Fortress Energy's share price to reach $22.20 in the next year. This suggests a possible upside of 26.4% from the stock's current price. View analysts' price targets for New Fortress Energy.

Media coverage about NFE stock has been trending neutral this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. 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 0.4 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about New Fortress Energy.

New Fortress Energy saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 952,200 shares, a drop of 16.5% from the June 15th total of 1,140,000 shares. Based on an average daily volume of 81,400 shares, the short-interest ratio is presently 11.7 days. Currently, 22.9% of the company's shares are sold short. View New Fortress Energy's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other New Fortress Energy investors own include Energy Transfer LP Unit (ET), Coty (COTY), Pfizer (PFE), AT&T (T), Tesla (TSLA), Exxon Mobil (XOM), American Airlines Group (AAL), AbbVie (ABBV), Caterpillar (CAT) and Carnival (CCL).

(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 acted 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 a variety of retail and institutional investors. Top institutional shareholders include Webster Bank N. A. (0.02%). 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 bought by a variety of institutional investors in the last quarter, including Webster Bank N. A.. Company insiders that have bought New Fortress Energy stock in the last two years include C William Griffin, David J Grain, John J Mack, Katherine Wanner, Randal A Nardone, and Wesley R Edens. View insider buying and selling activity 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 $17.57.

New Fortress Energy has a market capitalization of $2.95 billion and generates $189.13 million in revenue each year. The company earns $-33,810,000.00 in net income (profit) each year or ($1.62) on an earnings per share basis.

The official website for New Fortress Energy is 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]