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

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last twelve months. There are currently 1 hold rating and 8 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.

9 brokerages have issued 12 month price targets for New Fortress Energy's stock. Their NFE share price forecasts range from $34.00 to $74.00. On average, they anticipate the company's share price to reach $56.70 in the next twelve months. This suggests a possible upside of 118.4% 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 $42.42 at the beginning of 2023. Since then, NFE stock has decreased by 38.8% and is now trading at $25.96.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our NFE earnings forecast.

New Fortress Energy Inc. (NASDAQ:NFE) issued its earnings results on Thursday, May, 4th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.97 by $0.07. The business earned $579.10 million during the quarter, compared to analyst estimates of $700.26 million. New Fortress Energy had a trailing twelve-month return on equity of 34.54% and a net margin of 4.36%. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.13 earnings per share.

New Fortress Energy announced a quarterly dividend on Thursday, May 4th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.10 per share on Wednesday, June 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for NFE.

ETFs with the largest weight of New Fortress Energy (NASDAQ:NFE) stock in their portfolio include ETFMG Breakwave Sea Decarbonization Tech ETF (BSEA), VanEck Green Infrastructure ETF (RNEW), Pacer American Energy Independence ETF (USAI), InfraCap Equity Income Fund ETF (ICAP), Changebridge Select Equity ETF (CBSE), Changebridge Long/Short Equity ETF (CBLS), First Trust Energy AlphaDEX Fund (FXN) and InfraCap MLP ETF (AMZA).

New Fortress Energy (NASDAQ:NFE) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.53%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 81.63%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, NFE will have a dividend payout ratio of 6.21% 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 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 a number of retail and institutional investors. Top institutional investors include Federated Hermes Inc. (1.90%), William Blair Investment Management LLC (1.61%), FMR LLC (1.53%), BlackRock Inc. (1.36%), HITE Hedge Asset Management LLC (1.16%) and Kailix Advisors LLC (0.52%). 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, 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 $25.96.

New Fortress Energy (NASDAQ:NFE) has a market capitalization of $5.32 billion and generates $2.37 billion in revenue each year. The company earns $194.48 million in net income (profit) each year or $0.49 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.