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 (WHO). Since then, NFE stock has increased by 248.9% and is now trading at $38.45.
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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.

New Fortress Energy is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for New Fortress Energy.

New Fortress Energy Inc. (NASDAQ:NFE) announced its quarterly earnings results on Thursday, October, 29th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.18 by $0.39. The business earned $136.90 million during the quarter, compared to the consensus estimate of $145.57 million. New Fortress Energy had a negative return on equity of 11.28% and a negative net margin of 55.38%. The company's revenue was up 175.5% on a year-over-year basis.
View New Fortress Energy's earnings history.

New Fortress Energy announced a quarterly dividend on Thursday, August 27th. Stockholders of record on Monday, September 7th will be given a dividend of $0.10 per share on Monday, September 14th. This represents a $0.40 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, September 3rd.
View New Fortress Energy's dividend history.

8 brokerages have issued 12-month price targets for New Fortress Energy's shares. Their forecasts range from $22.00 to $45.00. On average, they expect New Fortress Energy's share price to reach $31.75 in the next year. This suggests that the stock has a possible downside of 17.4%.
View analysts' price targets for New Fortress Energy.

New Fortress Energy saw a decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,670,000 shares, a decline of 36.3% from the September 30th total of 2,620,000 shares. Based on an average daily trading volume, of 519,200 shares, the short-interest ratio is presently 3.2 days.
View New Fortress Energy's Short Interest.

Some companies that are related to New Fortress Energy include Cheniere Energy Partners (CQP), Cheniere Energy Partners (CQP), Cheniere Energy (LNG), Cheniere Energy (LNG), Atmos Energy (ATO), ENAGAS S A/ADR (ENGGY), ONE Gas (OGS), National Fuel Gas (NFG), Ultrapar Participações (UGP), Spire (SR), New Jersey Resources (NJR), South Jersey Industries (SJI), Northwest Natural (NWN), Stabilis Solutions (SLNG) and Just Energy Group (JE).
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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 variety of retail and institutional investors. Top institutional investors include Emerald Advisers LLC (0.44%), Emerald Mutual Fund Advisers Trust (0.39%), Viking Fund Management LLC (0.01%), Pacer Advisors Inc. (0.00%) and Diversified Trust Co (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 Emerald Advisers LLC, and Pacer Advisors Inc..
View insider buying and selling activity for New Fortress Energy.

NFE stock was bought by a variety of institutional investors in the last quarter, including Emerald Mutual Fund Advisers Trust, Viking Fund Management LLC, and Diversified Trust Co. 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 $38.45.

New Fortress Energy has a market capitalization of $6.49 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]