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NASDAQ:NFE

New Fortress Energy Stock Forecast, Price & News

$36.70
+2.34 (+6.81 %)
(As of 09/18/2020 12:20 PM ET)
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Compare
Today's Range
$34.00
Now: $36.70
$36.70
50-Day Range
$19.66
MA: $26.88
$37.29
52-Week Range
$7.01
Now: $36.70
$39.09
Volume12,223 shs
Average Volume193,492 shs
Market Capitalization$6.19 billion
P/E RatioN/A
Dividend Yield1.17%
Beta2.22
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: 2.4Community Rank: 2.5Dividend Strength: 0.8Insider Behavior: 2.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.67 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$6.19 billion
Next Earnings Date11/9/2020 (Estimated)
OptionableNot Optionable
$36.70
+2.34 (+6.81 %)
(As of 09/18/2020 12:20 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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New Fortress Energy (NASDAQ:NFE) Frequently Asked Questions

How has New Fortress Energy's stock price been impacted by Coronavirus (COVID-19)?

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. Since then, NFE shares have increased by 228.2% and is now trading at $36.17.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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
.

When is New Fortress Energy's next earnings date?

New Fortress Energy is scheduled to release its next quarterly earnings announcement on Monday, November 9th 2020.
View our earnings forecast for New Fortress Energy
.

How were New Fortress Energy's earnings last quarter?

New Fortress Energy LLC (NASDAQ:NFE) issued its earnings results on Monday, August, 3rd. The company reported ($0.24) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.15) by $0.09. The business earned $94.57 million during the quarter, compared to the consensus estimate of $119.47 million. New Fortress Energy had a negative return on equity of 11.28% and a negative net margin of 55.38%.
View New Fortress Energy's earnings history
.

How often does New Fortress Energy pay dividends? What is the dividend yield for New Fortress Energy?

New Fortress Energy declared a quarterly dividend on Thursday, August 27th. Investors of record on Monday, September 7th will be given a dividend of $0.10 per share on Monday, September 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, September 3rd.
View New Fortress Energy's dividend history
.

What price target have analysts set for NFE?

9 analysts have issued 12-month price objectives for New Fortress Energy's stock. Their forecasts range from $18.00 to $40.00. On average, they expect New Fortress Energy's share price to reach $28.56 in the next twelve months. This suggests that the stock has a possible downside of 21.1%.
View analysts' price targets for New Fortress Energy
.

Are investors shorting New Fortress Energy?

New Fortress Energy saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,090,000 shares, an increase of 11.5% from the July 30th total of 977,400 shares. Based on an average trading volume of 199,800 shares, the short-interest ratio is presently 5.5 days. Currently, 8.7% of the shares of the stock are sold short.
View New Fortress Energy's Short Interest
.

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 Coty (COTY), Energy Transfer LP Unit (ET), Kohl's (KSS), Pfizer (PFE), AT&T (T), Tesla (TSLA), AbbVie (ABBV), American International Group (AIG), British American Tobacco (BTI) 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 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.

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 retail and institutional investors. Top institutional investors include Federated Hermes Inc. (1.98%), FMR LLC (1.28%), FMR LLC (1.27%), Encompass Capital Advisors LLC (1.08%), Emerald Advisers LLC (0.46%) and Emerald Mutual Fund Advisers Trust (0.38%). 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
.

Which major investors are selling New Fortress Energy stock?

NFE stock was sold by a variety of institutional investors in the last quarter, including Encompass Capital Advisors LLC.
View insider buying and selling activity for New Fortress Energy
.

Which major investors are buying New Fortress Energy stock?

NFE stock was acquired by a variety of institutional investors in the last quarter, including Federated Hermes Inc., Webster Bank N. A., FMR LLC, FMR LLC, Skandinaviska Enskilda Banken AB publ, WINTON GROUP Ltd, California Public Employees Retirement System, and Emerald Advisers 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 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 $36.17.

How big of a company is New Fortress Energy?

New Fortress Energy has a market capitalization of $6.10 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 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]

This page was last updated on 9/18/2020 by MarketBeat.com Staff

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