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

New Fortress Energy's stock was trading at $11.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NFE stock has decreased by 20.8% and is now trading at $8.73. View which stocks have been mosted 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 Wednesday, May 20th 2020. View our earnings forecast for New Fortress Energy.

New Fortress Energy LLC (NASDAQ:NFE) issued its earnings results on Wednesday, March, 4th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by $0.07. The business earned $69.75 million during the quarter, compared to analyst estimates of $37.94 million. New Fortress Energy had a negative return on equity of 7.58% and a negative net margin of 17.88%. View New Fortress Energy's earnings history.

5 analysts have issued 1-year price objectives for New Fortress Energy's stock. Their forecasts range from $18.00 to $30.00. On average, they anticipate New Fortress Energy's stock price to reach $22.80 in the next twelve months. This suggests a possible upside of 161.2% from the stock's current price. View analysts' price targets for New Fortress Energy.

Media coverage about NFE stock has been trending very negative this week, according to InfoTrie. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. New Fortress Energy earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutNew Fortress Energy.

New Fortress Energy saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,146,600 shares, an increase of 11.3% from the February 27th total of 1,030,000 shares. Based on an average daily volume of 196,500 shares, the days-to-cover ratio is presently 5.8 days. Currently, 8.5% of the shares of the company 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), Spire (SR), National Fuel Gas (NFG), New Jersey Resources (NJR), Ultrapar Participacoes (UGP), 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 Energy Transfer LP Unit (ET), Weight Watchers International (WW), NIO (NIO), Pfizer (PFE), AT&T (T), Tesla (TSLA), AbbVie (ABBV), Caterpillar (CAT), Coty (COTY) and General Mills (GIS).

(NFE) raised $300 million in an initial public offering (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."

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 $8.73.

New Fortress Energy has a market capitalization of $1.47 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.  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]