New Fortress Energy Stock Forecast, Price & News

New Fortress Energy's stock was trading at $11.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NFE stock has increased by 323.0% and is now trading at $46.61.
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11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last year. 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 MarketBeat's top 5 stock picks.

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1,448 employees have rated New Fortress Energy CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 60% among New Fortress Energy's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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.

New Fortress Energy Inc. (NASDAQ:NFE) posted its earnings results on Thursday, October, 29th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of $0.12 by $0.33. The business had revenue of $136.90 million for the quarter, compared to analyst estimates of $145.57 million. New Fortress Energy had a negative net margin of 50.42% and a negative return on equity of 17.68%. The firm's revenue for the quarter was up 175.5% compared to the same quarter last year.
View New Fortress Energy's earnings history.

New Fortress Energy announced a quarterly dividend on Thursday, October 29th. Shareholders 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 dividend yield of 0.86%. The ex-dividend date is Tuesday, December 1st.
View New Fortress Energy's dividend history.

New Fortress Energy pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.83%.
View New Fortress Energy's dividend history.

11 brokerages have issued 1-year target prices for New Fortress Energy's shares. Their forecasts range from $22.00 to $69.00. On average, they anticipate New Fortress Energy's stock price to reach $41.77 in the next year. This suggests that the stock has a possible downside of 10.4%.
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Some companies that are related to New Fortress Energy include Cheniere Energy Partners (CQP), Cheniere Energy (LNG), Atmos Energy (ATO), ENAGAS S A/ADR (ENGGY), Ultrapar Participações (UGP), National Fuel Gas (NFG), ONE Gas (OGS), New Jersey Resources (NJR), Spire (SR), South Jersey Industries (SJI), Northwest Natural (NWN), Just Energy Group (JE) and Stabilis Solutions (SLNG).
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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 on Thursday, January 31st 2019. The company issued 20,000,000 shares at $15.00 per share. Morgan Stanley, Barclays, Citigroup and Credit Suisse served 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 shareholders include Viking Fund Management LLC (0.02%) and Pacer Advisors Inc. (0.00%). 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.

NFE stock was sold by a variety of institutional investors in the last quarter, including Pacer Advisors Inc..
View insider buying and selling activity for New Fortress Energy or view top insider-selling stocks.

NFE stock was bought by a variety of institutional investors in the last quarter, including Viking Fund Management LLC. 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.

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.

One share of NFE stock can currently be purchased for approximately $46.61.

New Fortress Energy has a market capitalization of $8.12 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. New Fortress Energy employs 201 workers across the globe.

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

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]