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 "buy" NFE shares.
View NFE analyst ratings or view top-rated stocks.

8 equities research analysts have issued 1-year price targets for New Fortress Energy's stock. 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 twelve months. This suggests a possible upside of 30.7% from the stock's current price.
View analysts price targets for NFE or view top-rated stocks among Wall Street analysts.

New Fortress Energy's stock was trading at $24.14 at the beginning of 2022. Since then, NFE stock has increased by 98.1% and is now trading at $47.81.
View the best growth stocks for 2022 here.

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

New Fortress Energy Inc. (NASDAQ:NFE) released its quarterly earnings data on Tuesday, November, 8th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.99 by $0.58. The business earned $731.93 million during the quarter, compared to analysts' expectations 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%.

New Fortress Energy declared a quarterly dividend on Tuesday, November 8th. Stockholders of record on Wednesday, December 7th will be paid a dividend of $0.10 per share on Tuesday, December 20th. This represents a $0.40 annualized dividend and a yield of 0.84%. The ex-dividend date is Tuesday, December 6th.
Read our dividend analysis for NFE.

New Fortress Energy (NASDAQ:NFE) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.82%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NFE will have a dividend payout ratio of 6.58% 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 (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.

New Fortress Energy trades on the NASDAQ under the ticker symbol "NFE."

New Fortress Energy's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (2.27%), Federated Hermes Inc. (2.12%), BlackRock Inc. (1.04%), Encompass Capital Advisors LLC (0.81%), First Trust Advisors LP (0.52%) and Rubric Capital Management LP (0.41%). Insiders that own company 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.

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.

One share of NFE stock can currently be purchased for approximately $47.81.

New Fortress Energy (NASDAQ:NFE) has a market capitalization of $9.98 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.

The company employs 671 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.