NASDAQ:NFE New Fortress Energy Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding New Fortress Energy LLC Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $38.90 +1.38 (+3.68 %) (As of 09/25/2020 03:59 PM ET) Add Compare Share Today's Range$37.52Now: $38.90▼$38.9550-Day Range$20.66MA: $29.03▼$37.5852-Week Range$7.01Now: $38.90▼$39.09Volume20,865 shsAverage Volume222,055 shsMarket Capitalization$6.56 billionP/E RatioN/ADividend Yield1.12%Beta2.22 ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesInstitutional OwnershipHeadlinesShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.4 Analyst's Opinion Consensus RatingNew Fortress Energy has received a consensus rating of Buy. The company's average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $28.56, New Fortress Energy has a forecasted downside of 26.6% from its current price of $38.90.Amount of Analyst CoverageNew Fortress Energy has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.5 Community Rank Outperform VotesNew Fortress Energy has received 84 “outperform” votes. (Add your “outperform” vote.)Underperform VotesNew Fortress Energy has received 83 “underperform” votes. (Add your “underperform” vote.)Community SentimentNew Fortress Energy has received 50.30% “outperform” votes from our community.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. Previous Next 0.8 Dividend Strength Dividend YieldNew Fortress Energy has a dividend yield of 1.12%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthNew Fortress Energy does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, New Fortress Energy will have a dividend payout ratio of 40.82% next year. This indicates that New Fortress Energy will be able to sustain or increase its dividend. Previous Next 2.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, New Fortress Energy insiders have sold 3,923.38% more of their company's stock than they have bought. Specifically, they have bought $740,941.00 in company stock and sold $29,810,904.00 in company stock.Percentage Held by Insiders89.64% of the stock of New Fortress Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions37.45% of the stock of New Fortress Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for New Fortress Energy are expected to grow in the coming year, from ($0.34) to $0.98 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Fortress Energy is -11.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of New Fortress Energy is -11.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioNew Fortress Energy has a P/B Ratio of 16.84. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.4Community Rank: 2.5Dividend Strength: 0.8Insider Behavior: 2.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.67 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Natural gas distribution Sub-IndustryN/A SectorOils/Energy Current SymbolNASDAQ:NFE Previous Symbol CUSIPN/A CIKN/A Webwww.newfortressenergy.com Phone516-268-7400Debt Debt-to-Equity Ratio6.33 Current Ratio1.38 Quick Ratio1.18Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$189.13 million Price / Sales34.70 Cash FlowN/A Price / Cash FlowN/A Book Value$2.31 per share Price / Book16.84Profitability EPS (Most Recent Fiscal Year)($1.62) Net Income$-33,810,000.00 Net Margins-55.38% Return on Equity-11.28% Return on Assets-2.77%Miscellaneous EmployeesN/A Outstanding Shares168,706,000Market Cap$6.56 billion Next Earnings Date11/9/2020 (Estimated) OptionableNot Optionable $38.90 +1.38 (+3.68 %) (As of 09/25/2020 03:59 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive NFE News and Ratings via Email Sign-up to receive the latest news and ratings for NFE and its competitors with MarketBeat's FREE daily newsletter. New Fortress Energy (NASDAQ:NFE) Frequently Asked Questions How has New Fortress Energy's stock price been impacted by COVID-19? 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 253.0% and is now trading at $38.90. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of New Fortress Energy? 9 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 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for New Fortress Energy. When is New Fortress Energy's next earnings date? New Fortress Energy is scheduled to release its next quarterly earnings announcement on Monday, November 9th 2020. View our earnings forecast for New Fortress Energy. How were New Fortress Energy's earnings last quarter? New Fortress Energy LLC (NASDAQ:NFE) issued its quarterly earnings results on Monday, August, 3rd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.09. The firm earned $94.57 million during the quarter, compared to analyst estimates of $119.47 million. New Fortress Energy had a negative net margin of 55.38% and a negative return on equity of 11.28%. View New Fortress Energy's earnings history. How often does New Fortress Energy pay dividends? What is the dividend yield for New Fortress Energy? New Fortress Energy announced a quarterly dividend on Thursday, August 27th. Investors 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 dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, September 3rd. View New Fortress Energy's dividend history. What price target have analysts set for NFE? 9 analysts have issued twelve-month target prices for New Fortress Energy's shares. Their forecasts range from $18.00 to $40.00. On average, they anticipate New Fortress Energy's share price to reach $28.56 in the next twelve months. This suggests that the stock has a possible downside of 26.6%. View analysts' price targets for New Fortress Energy. Are investors shorting New Fortress Energy? New Fortress Energy saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,090,000 shares, an increase of 11.5% from the July 30th total of 977,400 shares. Based on an average daily volume of 199,800 shares, the short-interest ratio is presently 5.5 days. Currently, 8.7% of the company's stock are sold short. View New Fortress Energy's Short Interest. Who are some of New Fortress Energy's key competitors? 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 Participacoes (UGP), National Fuel Gas (NFG), ONE Gas (OGS), Spire (SR), New Jersey Resources (NJR), South Jersey Industries (SJI), Northwest Natural (NWN) and Just Energy Group (JE). View all 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 Coty (COTY), Designer Brands (DBI), Energy Transfer LP Unit (ET), Kohl's (KSS), Pfizer (PFE), AT&T (T), Tapestry (TPR), Tesla (TSLA), AbbVie (ABBV) and American International Group (AIG). Who are New Fortress Energy's key executives? New Fortress Energy's management team includes the following 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 $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. What is New Fortress Energy's stock symbol? New Fortress Energy trades on the NASDAQ under the ticker symbol "NFE." Who are New Fortress Energy's major shareholders? New Fortress Energy's stock is owned by many different institutional and retail investors. Top institutional shareholders include Federated Hermes Inc. (1.98%), FMR LLC (1.28%), FMR LLC (1.27%), Encompass Capital Advisors LLC (1.08%), Emerald Advisers LLC (0.46%) and Emerald Mutual Fund Advisers Trust (0.38%). 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. Which institutional investors are selling New Fortress Energy stock? NFE stock was sold by a variety of institutional investors in the last quarter, including Encompass Capital Advisors LLC. View insider buying and selling activity for New Fortress Energy. Which institutional investors are buying New Fortress Energy stock? NFE stock was bought by a variety of institutional investors in the last quarter, including Federated Hermes Inc., Webster Bank N. A., FMR LLC, FMR LLC, Skandinaviska Enskilda Banken AB publ, WINTON GROUP Ltd, California Public Employees Retirement System, and Emerald Advisers 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. 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 $38.90. How big of a company is New Fortress Energy? New Fortress Energy has a market capitalization of $6.56 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. What is New Fortress Energy's official website? The official website for New Fortress Energy is www.newfortressenergy.com. How can I contact New Fortress Energy? 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] This page was last updated on 9/25/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
