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Why Your IRA Could Crash on June 16th (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
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Why Your IRA Could Crash on June 16th (Ad)
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Why Your IRA Could Crash on June 16th (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
Why Your IRA Could Crash on June 16th (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
Why Your IRA Could Crash on June 16th (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
Why Your IRA Could Crash on June 16th (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
Why Your IRA Could Crash on June 16th (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
Why Your IRA Could Crash on June 16th (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
Why Your IRA Could Crash on June 16th (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
Why Your IRA Could Crash on June 16th (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
Why Your IRA Could Crash on June 16th (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
Why Your IRA Could Crash on June 16th (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default

New Fortress Energy (NFE) Stock Forecast, Price & News

$25.96
-0.24 (-0.92%)
(As of 05/26/2023 ET)
Compare
Today's Range
$25.37
$26.75
50-Day Range
$25.96
$30.83
52-Week Range
$25.37
$63.06
Volume
1.82 million shs
Average Volume
1.34 million shs
Market Capitalization
$5.32 billion
P/E Ratio
52.98
Dividend Yield
1.54%
Price Target
$56.70

New Fortress Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
118.4% Upside
$56.70 Price Target
Short Interest
Bearish
8.64% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.70mentions of New Fortress Energy in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$84,840 Bought Last Quarter
Proj. Earnings Growth
29.06%
From $4.99 to $6.44 Per Share

Overall MarketRank

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

2.81 out of 5 stars

Oils/Energy Sector

60th out of 250 stocks

Natural Gas Distribution Industry

2nd out of 11 stocks


NFE stock logo

About New Fortress Energy (NASDAQ:NFE) Stock

New Fortress Energy, Inc. is a holding company engaged in the management of integrated gas-to-power energy infrastructure. It funds, builds, and operates natural gas infrastructure and logistics to deliver energy solutions. The company was founded by Wesley Robert Edens on February 25, 2014 and is headquartered in New York, NY.

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NFE Stock News Headlines

Q1 2023 New Fortress Energy Inc Earnings Call
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Barclays Sticks to Its Hold Rating for New Fortress Energy (NFE)
See More Headlines
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NFE Company Calendar

Ex-Dividend for 3/28 Dividend
3/16/2023
Dividend Payable
3/28/2023
Last Earnings
5/04/2023
Today
5/27/2023
Ex-Dividend for 6/28 Dividend
6/14/2023
Dividend Payable
6/28/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

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
$56.70
High Stock Price Forecast
$74.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+118.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

Net Income
$194.48 million
Pretax Margin
2.06%

Debt

Sales & Book Value

Annual Sales
$2.37 billion
Cash Flow
$3.42 per share
Book Value
$7.07 per share

Miscellaneous

Free Float
128,964,000
Market Cap
$5.32 billion
Optionable
Not Optionable
Beta
1.61

Key Executives

  • Wesley Robert Edens
    Chairman & Chief Executive Officer
  • Christopher S. Guinta
    Chief Financial Officer
  • Yun Young Shin
    Chief Accounting Officer
  • Patrick Thomas Hughes
    Investor Relations Contact
  • Cameron D. MacDougall
    Secretary













NFE Stock - Frequently Asked Questions

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

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities 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 2023?

9 brokerages have issued 12 month price targets for New Fortress Energy's stock. Their NFE share price forecasts range from $34.00 to $74.00. On average, they anticipate the company's share price to reach $56.70 in the next twelve months. This suggests a possible upside of 118.4% 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 2023?

New Fortress Energy's stock was trading at $42.42 at the beginning of 2023. Since then, NFE stock has decreased by 38.8% and is now trading at $25.96.
View the best growth stocks for 2023 here
.

When is New Fortress Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our NFE earnings forecast
.

How were New Fortress Energy's earnings last quarter?

New Fortress Energy Inc. (NASDAQ:NFE) issued its earnings results on Thursday, May, 4th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.97 by $0.07. The business earned $579.10 million during the quarter, compared to analyst estimates of $700.26 million. New Fortress Energy had a trailing twelve-month return on equity of 34.54% and a net margin of 4.36%. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.13 earnings per share.

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

New Fortress Energy announced a quarterly dividend on Thursday, May 4th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.10 per share on Wednesday, June 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Wednesday, June 14th.
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 1.53%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 81.63%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, NFE will have a dividend payout ratio of 6.21% 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."

Who are New Fortress Energy's major shareholders?

New Fortress Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include Federated Hermes Inc. (1.90%), William Blair Investment Management LLC (1.61%), FMR LLC (1.53%), BlackRock Inc. (1.36%), HITE Hedge Asset Management LLC (1.16%) and Kailix Advisors LLC (0.52%). Insiders that own company stock include C William Griffin, Energy Transition Holdings Llc, John J Mack, John J Mack, Katherine Wanner, Larry M Hutchison, Nfe Smrs Holdings Llc, Robert A Katz and Timothy W Jay.
View institutional ownership trends
.

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 $25.96.

How much money does New Fortress Energy make?

New Fortress Energy (NASDAQ:NFE) has a market capitalization of $5.32 billion and generates $2.37 billion in revenue each year. The company earns $194.48 million in net income (profit) each year or $0.49 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 5/27/2023 by MarketBeat.com Staff

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