S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
NASDAQ:NFE

New Fortress Energy (NFE) Stock Forecast, Price & News

$44.01
+0.02 (+0.05%)
(As of 05/17/2022 04:00 PM ET)
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Today's Range
$43.02
$45.50
50-Day Range
$28.27
$48.29
52-Week Range
$19.17
$49.30
Volume
1.11 million shs
Average Volume
1.15 million shs
Market Capitalization
$9.10 billion
P/E Ratio
24.86
Dividend Yield
0.91%
Beta
1.55
30 days | 90 days | 365 days | Advanced Chart
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New Fortress Energy logo

About New Fortress Energy

New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units, and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; marine LNG storage and regasification facility in Sergipe, Brazil; and LNG receiving facility in La Paz, Mexico, as well as Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.

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Industry, Sector and Symbol

Industry
Natural gas distribution
Sub-Industry
N/A
Current Symbol
NASDAQ:NFE
Fax
N/A
Employees
671
Year Founded
N/A

Sales & Book Value

Annual Sales
$1.32 billion
Cash Flow
$1.25 per share
Book Value
$9.64 per share

Profitability

Net Income
$97.10 million
Pretax Margin
20.04%

Debt

Price-To-Earnings

Miscellaneous

Free Float
105,914,000
Market Cap
$9.10 billion
Optionable
Not Optionable

Company Calendar

Ex-Dividend for 3/29 Dividend
3/17/2022
Dividend Payable
3/29/2022
Last Earnings
5/05/2022
Today
5/17/2022
Ex-Dividend for 6/28 Dividend
6/13/2022
Dividend Payable
6/28/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.65 out of 5 stars

Oils/Energy Sector

38th out of 386 stocks

Natural Gas Distribution Industry

3rd out of 13 stocks

Analyst Opinion: 2.4Community Rank: 4.0Dividend Strength: 1.7Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -













New Fortress Energy (NASDAQ:NFE) Frequently Asked Questions

Is New Fortress Energy a buy right now?

5 Wall Street research 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. The consensus among Wall Street research analysts is that investors should "buy" New Fortress Energy stock.
View analyst ratings for New Fortress Energy
or view top-rated stocks.

When is New Fortress Energy's next earnings date?

New Fortress Energy is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for New Fortress Energy
.

How were New Fortress Energy's earnings last quarter?

New Fortress Energy Inc. (NASDAQ:NFE) posted its quarterly earnings data on Thursday, May, 5th. The company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.76. The company earned $505.10 million during the quarter, compared to analysts' expectations of $505.85 million. New Fortress Energy had a net margin of 22.19% and a trailing twelve-month return on equity of 23.65%. During the same period in the prior year, the firm posted ($0.21) EPS.
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 Wednesday, May 4th. Investors of record on Tuesday, June 14th will be given a dividend of $0.10 per share on Tuesday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Monday, June 13th.
View New Fortress Energy's dividend history
.

Is New Fortress Energy a good dividend stock?

New Fortress Energy pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.91%. New Fortress Energy does not yet have a strong track record of dividend growth. The dividend payout ratio of New Fortress Energy is 22.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, New Fortress Energy will have a dividend payout ratio of 9.78% next year. This indicates that New Fortress Energy will be able to sustain or increase its dividend.
View New Fortress Energy's dividend history.

What price target have analysts set for NFE?

5 Wall Street analysts have issued 1-year target prices for New Fortress Energy's shares. Their forecasts range from $29.00 to $68.00. On average, they expect New Fortress Energy's share price to reach $49.40 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price.
View analysts' price targets for New Fortress Energy
or view top-rated stocks among Wall Street analysts.

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 60)
  • Mr. Christopher S. Guinta, Chief Financial Officer (Age 38, Pay $1.25M)
  • Ms. Yunyoung Shin, Chief Accounting Officer (Age 44, Pay $900k)
  • Mr. Alan John Andreini, Head of Investor Relations (Age 75)
  • Jake Suski, Managing Director of Public Affairs
  • Mr. Brannen McElmurray, Chief Devel. Officer
  • Mr. Sam Abdalla, Head of Distributed Generation Projects
  • Mr. Cameron D. MacDougall Esq., Sec. (Age 46)
  • Joshua Kane, VP of Investor Relations
What is Wesley Edens' approval rating as New Fortress Energy's CEO?

2 employees have rated New Fortress Energy CEO Wesley Edens on Glassdoor.com. Wesley Edens has an approval rating of 100% among New Fortress Energy's employees. This puts Wesley Edens in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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), Designer Brands (DBI), Energy Transfer (ET), Kohl's (KSS), Pfizer (PFE), AT&T (T), Tapestry (TPR), Tesla (TSLA), WW International (WW) and AbbVie (ABBV).

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 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 variety of institutional and retail investors. Top institutional shareholders include Great Mountain Partners LLC (15.69%), Vanguard Group Inc. (2.79%), William Blair Investment Management LLC (2.23%), Federated Hermes Inc. (2.11%), BlackRock Inc. (0.63%) and PointState Capital LP (0.58%). Company insiders that own New Fortress Energy stock include C William Griffin, John J Mack, John J Mack, Larry M Hutchison, Nfe Smrs Holdings Llc and Robert A Katz.
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 Great Mountain Partners LLC, BlackRock Inc., Goldman Sachs Group Inc., Jennison Associates LLC, William Blair Investment Management LLC, Southern Farm Bureau Life Insurance, HITE Hedge Asset Management LLC, and Vanguard Group Inc.. Company insiders that have sold New Fortress Energy company stock in the last year include Nfe Smrs Holdings Llc, and Robert A Katz.
View insider buying and selling activity for New Fortress Energy
or view top insider-selling stocks.

Which institutional investors are buying New Fortress Energy stock?

NFE stock was bought by a variety of institutional investors in the last quarter, including PointState Capital LP, Invesco Ltd., First Trust Advisors LP, PEAK6 Investments LLC, Twin Tree Management LP, Federated Hermes Inc., Philosophy Capital Management LLC, and Prudential Financial Inc.. Company insiders that have bought New Fortress Energy stock in the last two years include C William Griffin, and John J Mack.
View insider buying and selling activity for New Fortress Energy
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is New Fortress Energy's stock price today?

One share of NFE stock can currently be purchased for approximately $44.01.

How much money does New Fortress Energy make?

New Fortress Energy has a market capitalization of $9.10 billion and generates $1.32 billion in revenue each year. The company earns $97.10 million in net income (profit) each year or $1.77 on an earnings per share basis.

How many employees does New Fortress Energy have?

New Fortress Energy employs 671 workers across the globe.

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 5/18/2022 by MarketBeat.com Staff

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