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

8 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 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NFE shares.
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8 Wall Street analysts have issued 12 month price targets for New Fortress Energy's stock. Their NFE share price forecasts range from $31.00 to $74.00. On average, they anticipate the company's share price to reach $49.78 in the next twelve months. This suggests a possible upside of 64.4% 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 shares have decreased by 28.6% and is now trading at $30.27.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our NFE earnings forecast.

New Fortress Energy Inc. (NASDAQ:NFE) released its quarterly earnings data on Tuesday, August, 8th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. The company earned $561.35 million during the quarter, compared to analysts' expectations of $573.60 million. New Fortress Energy had a net margin of 16.35% and a trailing twelve-month return on equity of 35.70%. The business's quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS.

New Fortress Energy declared a quarterly dividend on Monday, August 7th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.10 per share on Wednesday, September 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, September 12th.
Read our dividend analysis for NFE.

ETFs with the largest weight of New Fortress Energy (NASDAQ:NFE) stock in their portfolio include Pacer American Energy Independence ETF (USAI), Ecofin U.S. Renewables Infrastructure Trust (RNEW), Clough Select Equity ETF (CBSE), Clough Long/Short Equity ETF (CBLS), InfraCap Equity Income Fund ETF (ICAP), InfraCap MLP ETF (AMZA), KraneShares Global Carbon Transformation ETF (KGHG) and First Trust Energy AlphaDEX Fund (FXN).

New Fortress Energy (NASDAQ:NFE) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.34%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NFE will have a dividend payout ratio of 7.77% next year. This indicates that the company will be able to sustain or increase its 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 on Thursday, January 31st 2019. The company issued 20,000,000 shares at a price of $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.

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 investors include Capital World Investors (5.26%), William Blair Investment Management LLC (2.73%), BlackRock Inc. (1.57%), Kailix Advisors LLC (0.67%), Geode Capital Management LLC (0.45%) and State Street Corp (0.43%). Insiders that own company stock include Desmond Iain Catterall, Energy Transition Holdings Llc, John J Mack, Katherine Wanner, Larry M Hutchison, Nfe Smrs Holdings Llc, Robert A Katz and Timothy W Jay.
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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 $30.27.

New Fortress Energy (NASDAQ:NFE) has a market capitalization of $6.21 billion and generates $2.37 billion in revenue each year. The company earns $194.48 million in net income (profit) each year or $1.88 on an earnings per share basis.

The company employs 577 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.