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

$8.73
-1.06 (-10.83 %)
(As of 04/1/2020 04:00 PM ET)
Today's Range
$8.30
Now: $8.73
$9.71
50-Day Range
$8.02
MA: $13.27
$16.61
52-Week Range
$7.01
Now: $8.73
$19.50
Volume136,349 shs
Average Volume110,634 shs
Market Capitalization$1.47 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.67
New Fortress Energy LLC operates as an integrated gas-to-power company. The company's activities include natural gas procurement and liquefaction; provision of logistics and shipping services; development and operation of terminals; and conversion or development of natural gas-fired generation. It intends to serve power, transportation, and industrial users of natural gas and LNG. The company was founded in 1998 and is based in New York, New York. New Fortress Energy LLC is a subsidiary of Fortress Investment Group LLC.
Read More

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$189.13 million
Book Value$2.31 per share

Profitability

Net Income$-33,810,000.00

Miscellaneous

EmployeesN/A
Market Cap$1.47 billion
Next Earnings Date5/20/2020 (Estimated)
OptionableNot Optionable

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New Fortress Energy (NASDAQ:NFE) Frequently Asked Questions

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

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.

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

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.

When is New Fortress Energy's next earnings date?

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.

How were New Fortress Energy's earnings last quarter?

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.

What price target have analysts set for NFE?

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.

Has New Fortress Energy been receiving favorable news coverage?

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.

Are investors shorting New 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.

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 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).

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 57)
  • Mr. Christopher S. Guinta, Chief Financial Officer (Age 35)
  • Mr. Michael J. Utsler, Chief Operating Officer (Age 62)

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 $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.

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 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 $8.73.

How big of a company is New Fortress Energy?

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.

What is New Fortress Energy's official website?

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

How can I contact New Fortress Energy?

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]


MarketBeat Community Rating for New Fortress Energy (NASDAQ NFE)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  71 (Vote Outperform)
Underperform Votes:  76 (Vote Underperform)
Total Votes:  147
MarketBeat's community ratings are surveys of what our community members think about New Fortress Energy and other stocks. Vote "Outperform" if you believe NFE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NFE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/1/2020 by MarketBeat.com Staff

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