New Fortress Energy Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" New Fortress Energy stock.
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Wall Street analysts have given New Fortress Energy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but New Fortress Energy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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New Fortress Energy is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for New Fortress Energy.

New Fortress Energy Inc. (NASDAQ:NFE) issued its quarterly earnings results on Friday, May, 7th. The company reported ($0.21) EPS for the quarter, missing the Zacks' consensus estimate of $0.05 by $0.26. The company had revenue of $145.70 million for the quarter, compared to the consensus estimate of $189.44 million. New Fortress Energy had a negative trailing twelve-month return on equity of 28.02% and a negative net margin of 40.46%. The firm's revenue was up 95.6% on a year-over-year basis.
View New Fortress Energy's earnings history.

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. Since then, NFE stock has increased by 253.8% and is now trading at $38.99.
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New Fortress Energy announced a quarterly dividend on Friday, May 7th. Stockholders of record on Tuesday, June 1st will be given a dividend of $0.10 per share on Friday, June 11th. This represents a $0.40 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Friday, May 28th.
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 0.99%.
View New Fortress Energy's dividend history.

11 analysts have issued 12 month price objectives for New Fortress Energy's shares. Their forecasts range from $22.00 to $69.00. On average, they expect New Fortress Energy's share price to reach $43.85 in the next year. This suggests a possible upside of 12.5% from the stock's current price.
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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.

Some companies that are related to New Fortress Energy include Cheniere Energy (LNG), Cheniere Energy Partners (CQP), Atmos Energy (ATO), ENAGAS S A/ADR (ENGGY), National Fuel Gas (NFG), Ultrapar Participações (UGP), New Jersey Resources (NJR), ONE Gas (OGS), Spire (SR), South Jersey Industries (SJI), Northwest Natural (NWN), Stabilis Solutions (SLNG) and Stabilis Solutions (SLNG).
View all of NFE's competitors.

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 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 trades on the NASDAQ under the ticker symbol "NFE."

New Fortress Energy's stock is owned by a variety of retail and institutional investors. Top institutional investors include Federated Hermes Inc. (2.70%), William Blair Investment Management LLC (1.96%), BlackRock Inc. (0.19%), HRT Financial LP (0.18%), Tortoise Capital Advisors L.L.C. (0.16%) and Goldman Sachs Group Inc. (0.15%). Company insiders that own New Fortress Energy stock include C William Griffin, John J Mack, Katherine Wanner and Nfe Smrs Holdings Llc.
View institutional ownership trends for New Fortress Energy.

NFE stock was sold by a variety of institutional investors in the last quarter, including Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, Goldman Sachs Group Inc., Morgan Stanley, Credit Suisse AG, GSA Capital Partners LLP, Bank of New York Mellon Corp, and Castleark Management LLC.
View insider buying and selling activity for New Fortress Energy or view top insider-selling stocks.

NFE stock was acquired by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Federated Hermes Inc., Tortoise Capital Advisors L.L.C., Renaissance Technologies LLC, Kayne Anderson Capital Advisors LP, D. E. Shaw & Co. Inc., JPMorgan Chase & Co., and HRT Financial LP. Company insiders that have bought New Fortress Energy stock in the last two years include C William Griffin, John J Mack, and Katherine Wanner.
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.
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One share of NFE stock can currently be purchased for approximately $38.99.

New Fortress Energy has a market capitalization of $6.86 billion and generates $451.65 million in revenue each year. The company earns $-182,150,000.00 in net income (profit) each year or ($0.55) on an earnings per share basis.

New Fortress Energy employs 231 workers across the globe.

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

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

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]