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NASDAQ:NFE

New Fortress Energy Stock Forecast, Price & News

$45.98
+2.23 (+5.10 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$44.90
Now: $45.98
$47.20
50-Day Range
$34.67
MA: $42.48
$53.64
52-Week Range
$7.01
Now: $45.98
$54.92
Volume354,300 shs
Average Volume266,696 shs
Market Capitalization$7.76 billion
P/E RatioN/A
Dividend Yield0.87%
Beta1.75
New Fortress Energy Inc. operates as an integrated energy infrastructure company worldwide. It funds, builds, and operates natural gas infrastructure and logistics to deliver integrated turnkey energy solutions that enhance environmental stewardship and transform local industries and communities. The company was founded in 2014 and is based in New York, New York.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.5Dividend Strength: 0.8Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.76 out of 5 stars


Industry, Sector and Symbol

Industry Natural gas distribution
Sub-IndustryN/A
Current SymbolNASDAQ:NFE
CUSIPN/A
CIKN/A
Phone516-268-7400
Employees201

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$189.13 million
Book Value$0.59 per share

Profitability

Net Income$-33,810,000.00

Miscellaneous

Market Cap$7.76 billion
Next Earnings Date3/3/2021 (Estimated)
OptionableNot Optionable
$45.98
+2.23 (+5.10 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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New Fortress Energy (NASDAQ:NFE) Frequently Asked Questions

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

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 (WHO). Since then, NFE shares have increased by 317.2% and is now trading at $45.98.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of New Fortress Energy?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for New Fortress Energy
or view MarketBeat's top 5 stock picks.

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 short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but New Fortress Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is New Fortress Energy's next earnings date?

New Fortress Energy is scheduled to release its next quarterly earnings announcement on Wednesday, March 3rd 2021.
View our earnings forecast for New Fortress Energy
.

How were New Fortress Energy's earnings last quarter?

New Fortress Energy Inc. (NASDAQ:NFE) issued its quarterly earnings data on Thursday, October, 29th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.33. The firm earned $136.90 million during the quarter, compared to the consensus estimate of $145.57 million. New Fortress Energy had a negative net margin of 50.42% and a negative return on equity of 17.68%. The business's revenue for the quarter was up 175.5% on a year-over-year basis.
View New Fortress Energy's earnings history
.

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 Thursday, October 29th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $0.10 per share on Wednesday, December 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Tuesday, December 1st.
View New Fortress Energy's dividend history
.

What price target have analysts set for NFE?

11 analysts have issued 1-year price targets for New Fortress Energy's stock. Their forecasts range from $22.00 to $46.00. On average, they anticipate New Fortress Energy's share price to reach $37.00 in the next twelve months. This suggests that the stock has a possible downside of 19.5%.
View analysts' price targets for New Fortress Energy
.

Are investors shorting New Fortress Energy?

New Fortress Energy saw a decline in short interest in October. As of October 15th, there was short interest totaling 1,670,000 shares, a decline of 36.3% from the September 30th total of 2,620,000 shares. Based on an average daily trading volume, of 519,200 shares, the days-to-cover ratio is currently 3.2 days.
View New Fortress Energy's Short Interest
.

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).

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 58)
  • Mr. Christopher S. Guinta, Chief Financial Officer (Age 37, Pay $1.25M)
  • Ms. Yunyoung Shin, Chief Accounting Officer (Age 43, Pay $929.13k)
  • Mr. Alan John Andreini, Head of Investor Relations (Age 73)
  • 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 44)

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 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 number of institutional and retail investors. Top institutional shareholders include Federated Hermes Inc. (1.95%), Emerald Advisers LLC (0.44%), Emerald Mutual Fund Advisers Trust (0.39%), Tortoise Capital Advisors L.L.C. (0.29%), BlackRock Inc. (0.17%) and Morgan Stanley (0.16%). Company insiders that own New Fortress Energy stock include C William Griffin, David J Grain, John J Mack, Katherine Wanner, Nfe Smrs Holdings Llc, Randal A Nardone and Wesley R Edens.
View institutional ownership trends for New Fortress Energy
.

Which institutional investors are selling New Fortress Energy stock?

NFE stock was sold by a variety of institutional investors in the last quarter, including Skandinaviska Enskilda Banken AB publ , Federated Hermes Inc., Emerald Advisers LLC, and Pacer Advisors Inc..
View insider buying and selling activity for New Fortress Energy
.

Which institutional investors are buying New Fortress Energy stock?

NFE stock was bought by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., BlackRock Inc., William Blair Investment Management LLC, Morgan Stanley, Penn Capital Management Co. Inc., Jennison Associates LLC, CastleArk Alternatives LLC, and New York State Common Retirement Fund. 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
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is New Fortress Energy's stock price today?

One share of NFE stock can currently be purchased for approximately $45.98.

How big of a company is New Fortress Energy?

New Fortress Energy has a market capitalization of $7.76 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. New Fortress Energy employs 201 workers across the globe.

What is New Fortress Energy's official website?

The official website for New Fortress Energy is www.newfortressenergy.com.

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 11/30/2020 by MarketBeat.com Staff

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