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NASDAQ:NFE

New Fortress Energy - NFE Stock Forecast, Price & News

$49.32
+1.29 (+2.69%)
(As of 10/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$46.28
$49.75
50-Day Range
$41.22
$61.70
52-Week Range
$19.17
$63.06
Volume
1.38 million shs
Average Volume
1.13 million shs
Market Capitalization
$10.20 billion
P/E Ratio
49.82
Dividend Yield
0.83%
Price Target
$62.14

New Fortress Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
26.0% Upside
$62.14 Price Target
Short Interest
Healthy
6.28% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.13mentions of New Fortress Energy in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
77.27%
From $2.64 to $4.68 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.82 out of 5 stars

Oils/Energy Sector

17th out of 250 stocks

Natural Gas Distribution Industry

1st out of 13 stocks

NFE stock logo

About New Fortress Energy (NASDAQ:NFE) Stock

New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units, and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. 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; landed micro-fuel handling facility in San Juan, Puerto Rico; marine LNG storage and regasification facility in Sergipe, Brazil; and LNG receiving facility in La Paz, Mexico, 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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NFE Stock News Headlines

New Fortress Energy (NASDAQ:NFE) Trading Down 10.6%
NFE Stock Crowded With Sellers
NFE Schedules FLNG Investor Day in Texas
1NFE : New Fortress Energy Recent Insider Activity
What Are Whales Doing With New Fortress Energy
New Fortress Energy LLC (NASDAQ: NFE)
Analyst Ratings for New Fortress Energy
New Fortress Energy: A Golden Decade May Lie Ahead
See More Headlines
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NFE Company Calendar

Last Earnings
8/03/2022
Ex-Dividend for 9/21 Dividend
9/06/2022
Dividend Payable
9/21/2022
Today
10/05/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Natural gas distribution
Sub-Industry
N/A
Current Symbol
NASDAQ:NFE
Fax
N/A
Employees
671
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$62.14
High Stock Price Forecast
$73.00
Low Stock Price Forecast
$49.00
Forecasted Upside/Downside
+26.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$97.10 million
Pretax Margin
3.40%

Debt

Sales & Book Value

Annual Sales
$1.32 billion
Cash Flow
$1.34 per share
Book Value
$9.64 per share

Miscellaneous

Free Float
128,876,000
Market Cap
$10.20 billion
Optionable
Not Optionable
Beta
1.63

Key Executives

  • Mr. Wesley Robert Edens (Age 60)
    Founder, Chairman & CEO
  • Mr. Christopher S. Guinta (Age 39)
    Chief Financial Officer
    Comp: $1.8M
  • Ms. Yunyoung Shin (Age 44)
    Chief Accounting Officer
    Comp: $1M
  • Mr. Brett Magill
    Head of Investor Relations & MD
  • 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. (Age 46)
    Sec.
  • Joshua Kane
    VP of Investor Relations
  • Mr. Patrick Thomas Hughes
    Exec. Officer













NFE Stock - Frequently Asked Questions

Should I buy or sell New Fortress Energy stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NFE shares.
View NFE analyst ratings
or view top-rated stocks.

What is New Fortress Energy's stock price forecast for 2022?

7 Wall Street analysts have issued 1-year price targets for New Fortress Energy's stock. Their NFE share price forecasts range from $49.00 to $73.00. On average, they expect the company's stock price to reach $62.14 in the next twelve months. This suggests a possible upside of 26.0% from the stock's current price.
View analysts price targets for NFE
or view top-rated stocks among Wall Street analysts.

How have NFE shares performed in 2022?

New Fortress Energy's stock was trading at $24.14 at the start of the year. Since then, NFE stock has increased by 104.3% and is now trading at $49.32.
View the best growth stocks for 2022 here
.

When is New Fortress Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our NFE earnings forecast
.

How were New Fortress Energy's earnings last quarter?

New Fortress Energy Inc. (NASDAQ:NFE) released its earnings results on Wednesday, August, 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.08. The business earned $584.86 million during the quarter, compared to analysts' expectations of $654.41 million. New Fortress Energy had a trailing twelve-month return on equity of 29.67% and a net margin of 10.26%.

How often does New Fortress Energy pay dividends? What is the dividend yield for New Fortress Energy?

New Fortress Energy declared a quarterly dividend on Wednesday, August 3rd. Investors of record on Wednesday, September 7th will be given a dividend of $0.10 per share on Wednesday, September 21st. This represents a $0.40 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, September 6th.
Read our dividend analysis for NFE
.

Is New Fortress Energy a good dividend stock?

New Fortress Energy (NASDAQ:NFE) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.83%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NFE will have a dividend payout ratio of 8.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NFE.

What is Wesley Edens' approval rating as New Fortress Energy's CEO?

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.

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 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 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."

How do I buy shares of New Fortress Energy?

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.
Compare Top Brokerages Here.

What is New Fortress Energy's stock price today?

One share of NFE stock can currently be purchased for approximately $49.32.

How much money does New Fortress Energy make?

New Fortress Energy (NASDAQ:NFE) has a market capitalization of $10.20 billion and generates $1.32 billion in revenue each year. The company earns $97.10 million in net income (profit) each year or $0.99 on an earnings per share basis.

How many employees does New Fortress Energy have?

The company employs 671 workers across the globe.

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 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.

This page (NASDAQ:NFE) was last updated on 10/5/2022 by MarketBeat.com Staff

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