NASDAQ:NFE - New Fortress Energy Stock Price, Forecast & News

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

New Fortress Energy LLC (NASDAQ:NFE) posted its quarterly earnings data on Monday, November, 11th. The company reported ($0.30) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.23) by $0.07. The company had revenue of $49.66 million for the quarter, compared to analysts' expectations of $40.41 million. New Fortress Energy had a negative net margin of 40.60% and a negative return on equity of 14.58%. View New Fortress Energy's Earnings History.

New Fortress Energy is scheduled to release their next quarterly earnings announcement on Monday, February 24th 2020. View Earnings Estimates for New Fortress Energy.

8 Wall Street analysts have issued twelve-month target prices for New Fortress Energy's shares. Their forecasts range from $17.00 to $30.00. On average, they anticipate New Fortress Energy's stock price to reach $22.63 in the next year. This suggests a possible upside of 39.0% from the stock's current price. View Analyst Price Targets 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.

News articles about NFE stock have trended very negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. New Fortress Energy earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for New Fortress Energy.

New Fortress Energy saw a increase in short interest in January. As of January 31st, there was short interest totalling 810,900 shares, an increase of 6.7% from the January 15th total of 759,800 shares. Based on an average daily trading volume, of 88,600 shares, the days-to-cover ratio is currently 9.2 days. Currently, 5.5% of the company's shares 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), Ultrapar Participacoes (UGP), ONE Gas (OGS), Spire (SR), New Jersey Resources (NJR), National Fuel Gas (NFG), South Jersey Industries (SJI), Northwest Natural (NWN) and Just Energy Group (JE).

Based on aggregate information from My MarketBeat watchlists, some companies that other New Fortress Energy investors own include Energy Transfer LP Unit (ET), NIO (NIO), Tesla (TSLA), Weight Watchers International (WW), AbbVie (ABBV), Caterpillar (CAT), General Mills (GIS), Kohl's (KSS), Pfizer (PFE) and AT&T (T).

(NFE) raised $300 million in an IPO 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.

New Fortress Energy's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (1.25%), Capital World Investors (1.09%), Emerald Advisers LLC (0.47%), Schroder Investment Management Group (0.38%), Bank of America Corp DE (0.07%) and Endurance Wealth Management Inc. (0.03%). 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 sold by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, FMR LLC, Endurance Wealth Management Inc., Emerald Advisers LLC and TD Asset Management Inc.. View Insider Buying and Selling for New Fortress Energy.

NFE stock was purchased by a variety of institutional investors in the last quarter, including Capital World Investors, Bank of America Corp DE, Williams Jones Wealth Management LLC., Goldman Sachs Group Inc., California Public Employees Retirement System, Skandinaviska Enskilda Banken AB publ , Pacer Advisors Inc. and Virtu Financial 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 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 $16.28.

New Fortress Energy has a market capitalization of $2.73 billion and generates $112.30 million in revenue each year. View Additional Information About New Fortress Energy.

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