New Fortress Energy Stock Price, News & Analysis (NASDAQ:NFE)

$19.00
+0.10 (+0.53 %)
(As of 09/24/2019 06:00 AM ET)
Today's Range
$18.75
Now: $19.00
$19.28
50-Day Range
$11.28
MA: $15.37
$19.05
52-Week Range
$8.90
Now: $19.00
$19.30
Volume71,080 shs
Average Volume181,341 shs
Market Capitalization$3.19 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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.

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$112.30 million
Book Value$4.16 per share

Profitability

Miscellaneous

EmployeesN/A
Market Cap$3.19 billion
Next Earnings Date11/11/2019 (Estimated)
OptionableNot Optionable

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New Fortress Energy (NASDAQ:NFE) Frequently Asked Questions

What is New Fortress Energy's stock symbol?

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

How were New Fortress Energy's earnings last quarter?

New Fortress Energy LLC (NASDAQ:NFE) posted its quarterly earnings data on Monday, August, 12th. The company reported ($0.28) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.26) by $0.02. The company earned $39.77 million during the quarter, compared to the consensus estimate of $42.91 million. View New Fortress Energy's Earnings History.

When is New Fortress Energy's next earnings date?

New Fortress Energy is scheduled to release their next quarterly earnings announcement on Monday, November 11th 2019. View Earnings Estimates for New Fortress Energy.

What price target have analysts set for NFE?

8 equities research analysts have issued 1-year price objectives for New Fortress Energy's stock. Their predictions range from $15.00 to $27.00. On average, they anticipate New Fortress Energy's share price to reach $20.8571 in the next year. This suggests a possible upside of 9.8% from the stock's current price. View Analyst Price Targets for New Fortress Energy.

What is the consensus analysts' recommendation for New Fortress Energy?

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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for New Fortress Energy.

Has New Fortress Energy been receiving favorable news coverage?

News coverage about NFE stock has been trending somewhat negative on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. New Fortress Energy earned a news impact score of -1.3 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for New Fortress Energy.

Are investors shorting New Fortress Energy?

New Fortress Energy saw a increase in short interest in August. As of August 15th, there was short interest totalling 698,100 shares, an increase of 24.9% from the July 15th total of 559,100 shares. Based on an average daily volume of 118,000 shares, the short-interest ratio is currently 5.9 days. Approximately 5.2% of the company's stock 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 NIO (NIO), American Airlines Group (AAL), Activision Blizzard (ATVI), Electronic Arts (EA), Electronic Arts (EA), Novavax (NVAX), Tesla (TSLA), Caterpillar (CAT), Bloomin' Brands (BLMN) and Crowdstrike (CRWD).

Who are New Fortress Energy's key executives?

New Fortress Energy's management team includes the folowing 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 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.

When did New Fortress Energy's lock-up period expire?

New Fortress Energy's lock-up period expired on Tuesday, July 30th. New Fortress Energy had issued 20,000,000 shares in its IPO on January 31st. The total size of the offering was $280,000,000 based on an initial share price of $14.00. Since the expiration of New Fortress Energy's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company have been lifted.

Who are New Fortress Energy's major shareholders?

New Fortress Energy's stock is owned by a number of of retail and institutional investors. Top institutional investors include Schroder Investment Management Group (0.96%), Price T Rowe Associates Inc. MD (0.71%), Emerald Advisers LLC (0.51%), Emerald Mutual Fund Advisers Trust (0.46%), State Treasurer State of Michigan (0.09%) and Royal Bank of Canada (0.04%). 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 major investors are selling New Fortress Energy stock?

NFE stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Emerald Advisers LLC and Emerald Mutual Fund Advisers Trust. View Insider Buying and Selling for New Fortress Energy.

Which major investors are buying New Fortress Energy stock?

NFE stock was acquired by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, State Treasurer State of Michigan, Royal Bank of Canada, HighTower Advisors LLC, Endurance Wealth Management Inc., TD Asset Management Inc., Wells Fargo & Company MN and Price T Rowe Associates Inc. MD. 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 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 $19.00.

How big of a company is New Fortress Energy?

New Fortress Energy has a market capitalization of $3.19 billion and generates $112.30 million in revenue each year. View Additional Information About New Fortress Energy.

What is New Fortress Energy's official website?

The official website for New Fortress Energy is http://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]


MarketBeat Community Rating for New Fortress Energy (NASDAQ NFE)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  42 (Vote Outperform)
Underperform Votes:  49 (Vote Underperform)
Total Votes:  91
MarketBeat's community ratings are surveys of what our community members think about New Fortress Energy and other stocks. Vote "Outperform" if you believe NFE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NFE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/24/2019 by MarketBeat.com Staff

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