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NASDAQ:NFENew Fortress Energy Stock Price, Forecast & News

$17.57
+0.33 (+1.91 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$17.04
Now: $17.57
$17.98
50-Day Range
$12.15
MA: $13.52
$17.42
52-Week Range
$7.01
Now: $17.57
$19.50
Volume181,100 shs
Average Volume174,545 shs
Market Capitalization$2.95 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.73
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.74 out of 5 stars


Industry, Sector and Symbol

Industry Natural gas distribution
Sub-IndustryN/A
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$2.95 billion
Next Earnings Date8/10/2020 (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 (WHO). Since then, NFE shares have increased by 59.4% and is now trading at $17.57. View which stocks have been most 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 Monday, August 10th 2020. View our earnings forecast for New Fortress Energy.

How were New Fortress Energy's earnings last quarter?

New Fortress Energy LLC (NASDAQ:NFE) announced its earnings results on Monday, May, 4th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.22) by $0.10. The firm had revenue of $74.53 million for the quarter, compared to the consensus estimate of $94.26 million. New Fortress Energy had a negative return on equity of 7.19% and a negative net margin of 12.22%. View New Fortress Energy's earnings history.

What price target have analysts set for NFE?

5 Wall Street analysts have issued 12-month price objectives for New Fortress Energy's shares. Their forecasts range from $16.00 to $30.00. On average, they expect New Fortress Energy's stock price to reach $22.20 in the next year. This suggests a possible upside of 26.4% from the stock's current price. View analysts' price targets for New Fortress Energy.

Has New Fortress Energy been receiving favorable news coverage?

News articles about NFE stock have trended neutral this week, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. New Fortress Energy earned a media sentiment score of 0.4 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about New Fortress Energy.

Are investors shorting New Fortress Energy?

New Fortress Energy saw a decline in short interest in June. As of June 30th, there was short interest totaling 952,200 shares, a decline of 16.5% from the June 15th total of 1,140,000 shares. Based on an average daily trading volume, of 81,400 shares, the short-interest ratio is presently 11.7 days. Currently, 22.9% of the company's stock 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), Coty (COTY), Pfizer (PFE), AT&T (T), Tesla (TSLA), Exxon Mobil (XOM), American Airlines Group (AAL), AbbVie (ABBV), Caterpillar (CAT) and Carnival (CCL).

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 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 institutional and retail investors. Top institutional investors include Webster Bank N. A. (0.02%). 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 buying New Fortress Energy stock?

NFE stock was bought by a variety of institutional investors in the last quarter, including Webster Bank N. A.. 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.

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 $17.57.

How big of a company is New Fortress Energy?

New Fortress Energy has a market capitalization of $2.95 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.

What is New Fortress Energy's official website?

The official website for New Fortress Energy is 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]

This page was last updated on 7/12/2020 by MarketBeat.com Staff

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