New Fortress Energy - NFE Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NFE shares.
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8 analysts have issued 1-year price objectives for New Fortress Energy's shares. Their NFE share price forecasts range from $49.00 to $74.00. On average, they anticipate the company's stock price to reach $62.50 in the next year. This suggests a possible upside of 67.2% from the stock's current price.
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New Fortress Energy's stock was trading at $42.42 at the beginning of 2023. Since then, NFE stock has decreased by 11.9% and is now trading at $37.37.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our NFE earnings forecast.

New Fortress Energy Inc. (NASDAQ:NFE) released its quarterly earnings results on Tuesday, November, 8th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.99 by $0.58. The firm earned $731.93 million during the quarter, compared to analyst estimates of $741.10 million. New Fortress Energy had a net margin of 11.38% and a trailing twelve-month return on equity of 33.81%.

New Fortress Energy declared a Special dividend on Tuesday, December 13th. Stockholders of record on Wednesday, January 4th will be given a dividend of $3.00 per share on Friday, January 13th. This represents a yield of 24.55%. The ex-dividend date is Tuesday, January 3rd. This is a positive change from the stock's previous Special dividend of $0.10.
Read our dividend analysis for NFE.

New Fortress Energy (NASDAQ:NFE) pays an annual dividend of $12.00 per share and currently has a dividend yield of 32.23%. NFE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 902.26%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, NFE will have a dividend payout ratio of 217.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for NFE.

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.

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 served 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 variety of institutional and retail investors. Top institutional shareholders include Maryland State Retirement & Pension System (0.01%), Ullmann Wealth Partners Group LLC (0.01%), Strs Ohio (0.01%), Calamos Advisors LLC (0.00%), Xponance Inc. (0.00%) and Patriot Financial Group Insurance Agency LLC (0.00%). 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 and Robert A Katz.
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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.
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One share of NFE stock can currently be purchased for approximately $37.37.

New Fortress Energy (NASDAQ:NFE) has a market capitalization of $7.80 billion and generates $1.32 billion in revenue each year. The company earns $97.10 million in net income (profit) each year or $1.33 on an earnings per share basis.

The company employs 671 workers across the globe.

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.