New Fortress Energy Stock Forecast, Price & News

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.
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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.

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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) 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.

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.

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.

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.

Some companies that are related to New Fortress Energy include Cheniere Energy Partners (CQP), Cheniere Energy Partners (CQP), Cheniere Energy (LNG), Atmos Energy (ATO), Cheniere Energy (LNG), ENAGAS S A/ADR (ENGGY), Ultrapar Participações (UGP), ONE Gas (OGS), National Fuel Gas (NFG), New Jersey Resources (NJR), 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 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.

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

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.

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.

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.

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.

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

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.

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

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]