NASDAQ:NFENew Fortress Energy Stock Price, Forecast & News

New Fortress Energy's stock was trading at $11.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NFE shares have increased by 59.4% and is now trading at $17.57. View which stocks have been most impacted by Coronavirus.

5 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for New Fortress Energy.

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.

New Fortress Energy LLC (NASDAQ:NFE) announced its earnings results 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 had revenue of $74.53 million for 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.

5 Wall Street analysts have issued 12-month price objectives for New Fortress Energy's shares. Their forecasts range from $16.00 to $30.00. On average, they expect New Fortress Energy's stock price to reach $22.20 in the next year. This suggests a possible upside of 26.4% from the stock's current price. View analysts' price targets for New Fortress Energy.

News articles about NFE stock have trended neutral this week, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. New Fortress Energy earned a media sentiment score of 0.4 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about New Fortress Energy.

New Fortress Energy saw a decline in short interest in June. As of June 30th, there was short interest totaling 952,200 shares, a decline of 16.5% from the June 15th total of 1,140,000 shares. Based on an average daily trading volume, of 81,400 shares, the short-interest ratio is presently 11.7 days. Currently, 22.9% of the company's stock are sold short. View New Fortress Energy's Current Options Chain.

Some companies that are related to New Fortress Energy include ENAGAS S A/ADR (ENGGY), ONE Gas (OGS), Ultrapar Participacoes (UGP), National Fuel Gas (NFG), Spire (SR), New Jersey Resources (NJR), South Jersey Industries (SJI), Northwest Natural (NWN) and Just Energy Group (JE). View all competitors.

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).

(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 a number of institutional and retail investors. Top institutional investors include Webster Bank N. A. (0.02%). 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.

NFE stock was bought by a variety of institutional investors in the last quarter, including Webster Bank N. A.. 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.

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.

One share of NFE stock can currently be purchased for approximately $17.57.

New Fortress Energy has a market capitalization of $2.95 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.

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

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]