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

$16.40
-0.10 (-0.61 %)
(As of 02/19/2020 04:00 PM ET)
Today's Range
$16.31
Now: $16.40
$16.75
50-Day Range
$14.45
MA: $15.51
$16.61
52-Week Range
$8.90
Now: $16.40
$19.50
Volume92,623 shs
Average Volume85,728 shs
Market Capitalization$2.75 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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.

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$112.30 million
Book Value$4.16 per share

Profitability

Net Income$-78,080,000.00

Miscellaneous

EmployeesN/A
Market Cap$2.75 billion
Next Earnings Date2/24/2020 (Estimated)
OptionableNot Optionable

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New Fortress Energy (NASDAQ:NFE) Frequently Asked Questions

What is New Fortress Energy's stock symbol?

New Fortress Energy trades on the NASDAQ under the ticker symbol "NFE."

How were New Fortress Energy's earnings last quarter?

New Fortress Energy LLC (NASDAQ:NFE) released its earnings results on Monday, November, 11th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by $0.07. The firm had revenue of $49.66 million for the quarter, compared to analyst estimates of $40.41 million. New Fortress Energy had a negative return on equity of 14.58% and a negative net margin of 40.60%. View New Fortress Energy's Earnings History.

When is New Fortress Energy's next earnings date?

New Fortress Energy is scheduled to release their next quarterly earnings announcement on Monday, February 24th 2020. View Earnings Estimates for New Fortress Energy.

What price target have analysts set for NFE?

9 equities research analysts have issued 12-month target prices for New Fortress Energy's shares. Their forecasts range from $17.00 to $30.00. On average, they anticipate New Fortress Energy's share price to reach $22.33 in the next year. This suggests a possible upside of 36.2% from the stock's current price. View Analyst Price Targets for New Fortress Energy.

What is the consensus analysts' recommendation for New Fortress Energy?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for New Fortress Energy.

Has New Fortress Energy been receiving favorable news coverage?

Press coverage about NFE stock has been trending neutral recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. New Fortress Energy earned a coverage optimism score of 0.5 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for New Fortress Energy.

Are investors shorting New Fortress Energy?

New Fortress Energy saw a increase in short interest in January. As of January 31st, there was short interest totalling 810,900 shares, an increase of 6.7% from the January 15th total of 759,800 shares. Based on an average daily trading volume, of 88,600 shares, the days-to-cover ratio is presently 9.2 days. Approximately 5.5% of the shares of the stock are short sold. 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), NIO (NIO), Tesla (TSLA), Weight Watchers International (WW), AbbVie (ABBV), Caterpillar (CAT), General Mills (GIS), Kohl's (KSS), Pfizer (PFE) and AT&T (T).

Who are New Fortress Energy's key executives?

New Fortress Energy's management team includes the folowing 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 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.

Who are New Fortress Energy's major shareholders?

New Fortress Energy's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include FMR LLC (1.25%), Capital World Investors (1.09%), Emerald Advisers LLC (0.47%), Schroder Investment Management Group (0.38%), Bank of America Corp DE (0.07%) and Endurance Wealth Management Inc. (0.03%). Company insiders that own New Fortress Energy stock include C William Griffin, David J Grain, John J Mack, Katherine Wanner, 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 Schroder Investment Management Group, FMR LLC, Endurance Wealth Management Inc., Emerald Advisers LLC and TD Asset Management Inc.. View Insider Buying and Selling for New Fortress Energy.

Which institutional investors are buying New Fortress Energy stock?

NFE stock was purchased by a variety of institutional investors in the last quarter, including Capital World Investors, Bank of America Corp DE, Williams Jones Wealth Management LLC., Goldman Sachs Group Inc., California Public Employees Retirement System, Skandinaviska Enskilda Banken AB publ , Pacer Advisors Inc. and Virtu Financial LLC. 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 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 $16.40.

How big of a company is New Fortress Energy?

New Fortress Energy has a market capitalization of $2.75 billion and generates $112.30 million in revenue each year. 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:  65 (Vote Outperform)
Underperform Votes:  68 (Vote Underperform)
Total Votes:  133
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 2/19/2020 by MarketBeat.com Staff

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