New Fortress Energy Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" New Fortress Energy stock.
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New Fortress Energy saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 1,810,000 shares, a decrease of 26.1% from the December 31st total of 2,450,000 shares. Based on an average daily trading volume, of 549,000 shares, the days-to-cover ratio is currently 3.3 days.
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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.

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

New Fortress Energy's stock was trading at $11.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NFE shares have increased by 328.9% and is now trading at $47.26.
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New Fortress Energy announced a quarterly dividend on Thursday, October 29th. Investors 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 yield of 0.85%. The ex-dividend date of this dividend is Tuesday, December 1st.
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New Fortress Energy pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.81%.
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11 equities research analysts have issued twelve-month target prices for New Fortress Energy's stock. Their forecasts range from $22.00 to $69.00. On average, they expect New Fortress Energy's share price to reach $42.77 in the next twelve months. This suggests that the stock has a possible downside of 9.5%.
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2 employees have rated New Fortress Energy CEO Wesley Edens on Glassdoor.com. Wesley Edens has an approval rating of 100% among New Fortress Energy's employees. This puts Wesley Edens in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to New Fortress Energy include Cheniere Energy Partners (CQP), Cheniere Energy (LNG), Atmos Energy (ATO), ENAGAS S A/ADR (ENGGY), National Fuel Gas (NFG), Ultrapar Participações (UGP), New Jersey Resources (NJR), ONE Gas (OGS), Spire (SR), South Jersey Industries (SJI), Northwest Natural (NWN), Just Energy Group (JE) and Stabilis Solutions (SLNG).
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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).

(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 acted 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."

New Fortress Energy's stock is owned by many different institutional and retail investors. Top institutional investors include Federated Hermes Inc. (2.39%), William Blair Investment Management LLC (1.48%), Emerald Advisers LLC (0.35%), Emerald Mutual Fund Advisers Trust (0.32%), Southern Farm Bureau Life Insurance (0.21%) and BlackRock Inc. (0.17%). 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.

NFE stock was sold by a variety of institutional investors in the last quarter, including Emerald Advisers LLC, CastleArk Alternatives LLC, Emerald Mutual Fund Advisers Trust, Castleark Management LLC, Jennison Associates LLC, Voloridge Investment Management LLC, Skandinaviska Enskilda Banken AB publ , and Bank of New York Mellon Corp.
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NFE stock was purchased by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Federated Hermes Inc., Southern Farm Bureau Life Insurance, Caas Capital Management LP, First Trust Advisors LP, Monashee Investment Management LLC, Laurion Capital Management LP, and Credit Suisse AG. 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 or or view top insider-buying stocks.

Shares of NFE 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.
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One share of NFE stock can currently be purchased for approximately $47.26.

New Fortress Energy has a market capitalization of $8.23 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.

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

New Fortress Energy is headquartered at 111 W. 19TH STREET 8TH FLOOR, NEW YORK NY, 10011.

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]