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New Fortress Energy - NFE Stock Forecast, Price & News

$38.13
+0.90 (+2.42%)
(As of 01/27/2023 01:17 PM ET)
Add
Compare
Today's Range
$36.90
$38.21
50-Day Range
$33.67
$51.24
52-Week Range
$19.42
$63.06
Volume
512,298 shs
Average Volume
1.68 million shs
Market Capitalization
$7.96 billion
P/E Ratio
28.67
Dividend Yield
32.23%
Price Target
$62.50

New Fortress Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
63.3% Upside
$61.50 Price Target
Short Interest
Bearish
5.04% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.29mentions of New Fortress Energy in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$314.36 M Sold Last Quarter
Proj. Earnings Growth
72.27%
From $3.21 to $5.53 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.14 out of 5 stars

Oils/Energy Sector

5th out of 244 stocks

Natural Gas Distribution Industry

1st out of 12 stocks


NFE stock logo

About New Fortress Energy (NASDAQ:NFE) Stock

New Fortress Energy, Inc. is a holding company engaged in the management of integrated gas-to-power energy infrastructure. It funds, builds, and operates natural gas infrastructure and logistics to deliver energy solutions. The company was founded by Wesley Robert Edens on February 25, 2014 and is headquartered in New York, NY.

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NFE Stock News Headlines

Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Swelling Green Hydrogen Demand Can Fuel These 2 Stocks
Top Picks 2023- New Fortress Energy NFE
New Fortress Energy Stock
New Fortress Energy Stock Gives Dividend Hogs a Big Pay Raise
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
New Fortress Energy Inc. (NFE)
Premarket Movers: MongoDB, Toast, Airbnb
New Fortress Energy: A Promising Prognosis
New Fortress: Valuation May Get Reset Shortly
4 Analysts Have This to Say About New Fortress Energy
See More Headlines
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NFE Company Calendar

Last Earnings
11/08/2022
Ex-Dividend for 12/20 Dividend
12/06/2022
Dividend Payable
12/20/2022
Ex-Dividend for 1/13 Dividend
1/03/2023
Dividend Payable
1/13/2023
Today
1/27/2023
Next Earnings (Estimated)
2/27/2023
Fiscal Year End
12/31/2023

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

Price Target and Rating

Average Stock Price Forecast
$61.50
High Stock Price Forecast
$74.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+63.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$97.10 million
Pretax Margin
6.07%

Debt

Sales & Book Value

Annual Sales
$1.32 billion
Cash Flow
$1.30 per share
Book Value
$9.64 per share

Miscellaneous

Free Float
130,064,000
Market Cap
$7.96 billion
Optionable
Not Optionable
Beta
1.66

Key Executives

  • Wesley Robert Edens
    Chairman & Chief Executive Officer
  • Christopher S. Guinta
    Chief Financial Officer
  • Yun Young Shin
    Chief Accounting Officer
  • Cameron D. MacDougall
    Secretary













NFE Stock - Frequently Asked Questions

Should I buy or sell New Fortress Energy stock right now?

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.
View NFE analyst ratings
or view top-rated stocks.

What is New Fortress Energy's stock price forecast for 2023?

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.
View analysts price targets for NFE
or view top-rated stocks among Wall Street analysts.

How have NFE shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is New Fortress Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our NFE earnings forecast
.

How were New Fortress Energy's earnings last quarter?

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%.

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

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
.

Is New Fortress Energy a good dividend stock?

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.

What is Wesley Edens' approval rating as New Fortress Energy's CEO?

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.

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 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.
View institutional ownership trends
.

How do I buy shares of New Fortress Energy?

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.
Compare Top Brokerages Here.

What is New Fortress Energy's stock price today?

One share of NFE stock can currently be purchased for approximately $37.37.

How much money does New Fortress Energy make?

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.

How many employees does New Fortress Energy have?

The company employs 671 workers across the globe.

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 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.

This page (NASDAQ:NFE) was last updated on 1/27/2023 by MarketBeat.com Staff