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

+0.23 (+1.43 %)
(As of 02/23/2020 12:56 PM ET)
Today's Range
Now: $16.28
50-Day Range
MA: $15.55
52-Week Range
Now: $16.28
Volume45,944 shs
Average Volume85,741 shs
Market Capitalization$2.73 billion
P/E RatioN/A
Dividend YieldN/A
New Fortress Energy LLC operates as an integrated gas-to-power company. The company's activities include natural gas procurement and liquefaction; provision of logistics and shipping services; development and operation of terminals; and conversion or development of natural gas-fired generation. It intends to serve power, transportation, and industrial users of natural gas and LNG. The company was founded in 1998 and is based in New York, New York. New Fortress Energy LLC is a subsidiary of Fortress Investment Group LLC.

Industry, Sector and Symbol

Industry Natural gas distribution
Current SymbolNASDAQ:NFE



Sales & Book Value

Annual Sales$112.30 million
Book Value$4.16 per share


Net Income$-78,080,000.00


Market Cap$2.73 billion
Next Earnings Date2/24/2020 (Estimated)
OptionableNot Optionable

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New Fortress Energy (NASDAQ:NFE) Frequently Asked Questions

What is New Fortress Energy's stock symbol?

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

How were New Fortress Energy's earnings last quarter?

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.

When is New Fortress Energy's next earnings date?

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

What price target have analysts set for NFE?

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.

What is the consensus analysts' recommendation 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.

Has New Fortress Energy been receiving favorable news coverage?

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.

Are investors shorting 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.

Who are some of New Fortress Energy's key competitors?

What other stocks do shareholders of New Fortress Energy own?

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).

Who are New Fortress Energy's key executives?

New Fortress Energy's management team includes the folowing people:
  • Mr. Wesley Robert Edens, Chairman & CEO (Age 57)
  • Mr. Christopher S. Guinta, Chief Financial Officer (Age 35)
  • Mr. Michael J. Utsler, Chief Operating Officer (Age 62)

When did New Fortress Energy IPO?

(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.

Who are New Fortress Energy's major shareholders?

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.

Which major investors are selling New Fortress Energy stock?

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.

Which major investors are buying New Fortress Energy stock?

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.

How do I buy shares of 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.

What is New Fortress Energy's stock price today?

One share of NFE stock can currently be purchased for approximately $16.28.

How big of a company is New Fortress Energy?

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.

What is New Fortress Energy's official website?

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

How can I contact New Fortress Energy?

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]

MarketBeat Community Rating for New Fortress Energy (NASDAQ NFE)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  67 (Vote Outperform)
Underperform Votes:  70 (Vote Underperform)
Total Votes:  137
MarketBeat's community ratings are surveys of what our community members think about New Fortress Energy and other stocks. Vote "Outperform" if you believe NFE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NFE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/23/2020 by MarketBeat.com Staff

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