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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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NASDAQ:NFE

New Fortress Energy Stock Forecast, Price & News

$47.26
-1.86 (-3.79 %)
(As of 02/26/2021 12:00 AM ET)
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Today's Range
$45.82
Now: $47.26
$49.61
50-Day Range
$42.93
MA: $50.27
$58.45
52-Week Range
$7.01
Now: $47.26
$65.90
Volume330,234 shs
Average Volume509,553 shs
Market Capitalization$8.23 billion
P/E RatioN/A
Dividend Yield0.81%
Beta1.72
New Fortress Energy Inc. operates as an integrated energy infrastructure company worldwide. It funds, builds, and operates natural gas infrastructure and logistics to deliver integrated turnkey energy solutions that enhance environmental stewardship and transform local industries and communities. The company was founded in 2014 and is based in New York, New York.

Industry, Sector and Symbol

Industry Natural gas distribution
Sub-IndustryN/A
Current SymbolNASDAQ:NFE
CUSIPN/A
CIKN/A
Phone516-268-7400
Employees201
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$189.13 million
Book Value$2.31 per share

Profitability

Net Income$-33,810,000.00

Miscellaneous

Market Cap$8.23 billion
Next Earnings Date3/3/2021 (Estimated)
OptionableNot Optionable

MarketRank

Overall MarketRank

1.54 out of 5 stars

Oils/Energy Sector

124th out of 668 stocks

Natural Gas Distribution Industry

11th out of 17 stocks

Analyst Opinion: 1.3Community Rank: 2.4Dividend Strength: 0.8Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -
$47.26
-1.86 (-3.79 %)
(As of 02/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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New Fortress Energy (NASDAQ:NFE) Frequently Asked Questions

Is New Fortress Energy a buy right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" New Fortress Energy stock.
View analyst ratings for New Fortress Energy
or view top-rated stocks.

What stocks does MarketBeat like better than New Fortress Energy?

Wall Street analysts have given New Fortress Energy a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but New Fortress Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting New Fortress Energy?

New Fortress Energy saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 1,810,000 shares, a decrease of 26.1% from the December 31st total of 2,450,000 shares. Based on an average daily trading volume, of 549,000 shares, the days-to-cover ratio is currently 3.3 days.
View New Fortress Energy's Short Interest
.

When is New Fortress Energy's next earnings date?

New Fortress Energy is scheduled to release its next quarterly earnings announcement on Wednesday, March 3rd 2021.
View our earnings forecast for New Fortress Energy
.

How were New Fortress Energy's earnings last quarter?

New Fortress Energy Inc. (NASDAQ:NFE) released its quarterly earnings results on Thursday, October, 29th. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.12 by $0.33. The company had revenue of $136.90 million for the quarter, compared to the consensus estimate of $145.57 million. New Fortress Energy had a negative trailing twelve-month return on equity of 17.68% and a negative net margin of 50.42%. The business's quarterly revenue was up 175.5% on a year-over-year basis.
View New Fortress Energy's earnings history
.

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

New Fortress Energy's stock was trading at $11.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NFE shares have increased by 328.9% and is now trading at $47.26.
View which stocks have been most impacted by COVID-19
.

How often does New Fortress Energy pay dividends? What is the dividend yield for New Fortress Energy?

New Fortress Energy announced a quarterly dividend on Thursday, October 29th. Investors of record on Wednesday, December 2nd will be given a dividend of $0.10 per share on Wednesday, December 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, December 1st.
View New Fortress Energy's dividend history
.

Is New Fortress Energy a good dividend stock?

New Fortress Energy pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.81%.
View New Fortress Energy's dividend history.

What price target have analysts set for NFE?

11 equities research analysts have issued twelve-month target prices for New Fortress Energy's stock. Their forecasts range from $22.00 to $69.00. On average, they expect New Fortress Energy's share price to reach $42.77 in the next twelve months. This suggests that the stock has a possible downside of 9.5%.
View analysts' price targets for New Fortress Energy
or view top-rated stocks among Wall Street analysts.

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 59)
  • Mr. Christopher S. Guinta, Chief Financial Officer (Age 37, Pay $1.25M)
  • Ms. Yunyoung Shin, Chief Accounting Officer (Age 43, Pay $929.13k)
  • Mr. Alan John Andreini, Head of Investor Relations (Age 74)
  • Jake Suski, Managing Director of Public Affairs
  • Mr. Brannen McElmurray, Chief Devel. Officer
  • Mr. Sam Abdalla, Head of Distributed Generation Projects
  • Mr. Cameron D. MacDougall Esq., Sec. (Age 45)

What is Wesley Edens' approval rating as New Fortress Energy's CEO?

2 employees have rated New Fortress Energy CEO Wesley Edens on Glassdoor.com. Wesley Edens has an approval rating of 100% among New Fortress Energy's employees. This puts Wesley Edens in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 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).

When did New Fortress Energy IPO?

(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.

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 investors include Federated Hermes Inc. (2.39%), William Blair Investment Management LLC (1.48%), Emerald Advisers LLC (0.35%), Emerald Mutual Fund Advisers Trust (0.32%), Southern Farm Bureau Life Insurance (0.21%) and BlackRock Inc. (0.17%). Company insiders that own New Fortress Energy stock include C William Griffin, David J Grain, John J Mack, Katherine Wanner, Nfe Smrs Holdings Llc, 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 Emerald Advisers LLC, CastleArk Alternatives LLC, Emerald Mutual Fund Advisers Trust, Castleark Management LLC, Jennison Associates LLC, Voloridge Investment Management LLC, Skandinaviska Enskilda Banken AB publ , and Bank of New York Mellon Corp.
View insider buying and selling activity for New Fortress Energy
or view top insider-selling stocks.

Which institutional investors are buying New Fortress Energy stock?

NFE stock was purchased by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Federated Hermes Inc., Southern Farm Bureau Life Insurance, Caas Capital Management LP, First Trust Advisors LP, Monashee Investment Management LLC, Laurion Capital Management LP, and Credit Suisse AG. 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
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is New Fortress Energy's stock price today?

One share of NFE stock can currently be purchased for approximately $47.26.

How much money does New Fortress Energy make?

New Fortress Energy has a market capitalization of $8.23 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.

How many employees does New Fortress Energy have?

New Fortress Energy employs 201 workers across the globe.

What is New Fortress Energy's official website?

The official website for New Fortress Energy is www.newfortressenergy.com.

Where are New Fortress Energy's headquarters?

New Fortress Energy is headquartered at 111 W. 19TH STREET 8TH FLOOR, NEW YORK NY, 10011.

How can I contact New Fortress Energy?

New Fortress Energy's mailing address is 111 W. 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 2/28/2021 by MarketBeat.com Staff

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