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NASDAQ:NFENew Fortress Energy Stock Price, Forecast & News

$13.50
-0.16 (-1.17 %)
(As of 05/28/2020 04:00 PM ET)
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Today's Range
$13.32
Now: $13.50
$13.98
50-Day Range
$9.88
MA: $12.56
$14.35
52-Week Range
$7.01
Now: $13.50
$19.50
Volume46,245 shs
Average Volume93,702 shs
Market Capitalization$2.27 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.75
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: 3.4Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.50 out of 5 stars


Industry, Sector and Symbol

Industry Natural gas distribution
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNASDAQ:NFE
CUSIPN/A
CIKN/A
Phone516-268-7400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$189.13 million
Book Value$1.87 per share

Profitability

Net Income$-33,810,000.00

Miscellaneous

EmployeesN/A
Market Cap$2.27 billion
Next Earnings Date8/10/2020 (Estimated)
OptionableNot Optionable

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New Fortress Energy (NASDAQ:NFE) Frequently Asked Questions

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

New Fortress Energy's stock was trading at $11.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NFE stock has increased by 22.5% and is now trading at $13.50. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of New Fortress Energy?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last year. There are currently 1 hold rating and 3 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, August 10th 2020. View our earnings forecast for New Fortress Energy.

How were New Fortress Energy's earnings last quarter?

New Fortress Energy LLC (NASDAQ:NFE) announced its quarterly earnings data on Monday, May, 4th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.22) by $0.10. The firm earned $74.53 million during the quarter, compared to the consensus estimate of $94.26 million. New Fortress Energy had a negative return on equity of 7.19% and a negative net margin of 12.22%. View New Fortress Energy's earnings history.

What price target have analysts set for NFE?

4 brokerages have issued twelve-month price objectives for New Fortress Energy's stock. Their forecasts range from $16.00 to $30.00. On average, they anticipate New Fortress Energy's stock price to reach $22.25 in the next year. This suggests a possible upside of 64.8% from the stock's current price. View analysts' price targets for New Fortress Energy.

Has New Fortress Energy been receiving favorable news coverage?

News coverage about NFE stock has been trending somewhat positive recently, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. New Fortress Energy earned a news impact score of 1.7 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutNew Fortress Energy.

Are investors shorting New Fortress Energy?

New Fortress Energy saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 1,220,000 shares, a decrease of 6.9% from the March 31st total of 1,310,000 shares. Based on an average daily trading volume, of 108,300 shares, the short-interest ratio is presently 11.3 days. Approximately 7.9% of the company's shares are sold short. View New Fortress Energy's Current Options Chain.

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 Energy Transfer LP Unit (ET), Coty (COTY), Pfizer (PFE), AT&T (T), Tesla (TSLA), Exxon Mobil (XOM), American Airlines Group (AAL), AbbVie (ABBV), Caterpillar (CAT) 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 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 acted 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 many different institutional and retail investors. Top institutional shareholders include Federated Hermes Inc. (1.92%), Capital World Investors (1.12%), Emerald Advisers LLC (0.45%), Parkwood LLC (0.43%), Emerald Mutual Fund Advisers Trust (0.38%) and State of Michigan Retirement System (0.37%). Company insiders that own New Fortress Energy stock include C William Griffin, David J Grain, John J Mack, Katherine Wanner, Randal A Nardone and Wesley R Edens. 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 State of Michigan Retirement System, Emerald Mutual Fund Advisers Trust, HighTower Advisors LLC, Emerald Advisers LLC, Healthcare of Ontario Pension Plan Trust Fund, and Tower Research Capital LLC TRC . View insider buying and selling activity for New Fortress Energy.

Which institutional 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., Parkwood LLC, State of Michigan Retirement System, Capital World Investors, Endurance Wealth Management Inc., Vident Investment Advisory LLC, Pacer Advisors Inc., and Advisor Group Holdings Inc.. 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 $13.50.

How big of a company is New Fortress Energy?

New Fortress Energy has a market capitalization of $2.27 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 WEST 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 5/29/2020 by MarketBeat.com Staff

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