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) released its earnings results on Monday, November, 11th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by $0.07. The firm had revenue of $49.66 million for the quarter, compared to analyst estimates of $40.41 million. New Fortress Energy had a negative return on equity of 14.58% and a negative net margin of 40.60%. 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.

9 equities research analysts have issued 12-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 share price to reach $22.33 in the next year. This suggests a possible upside of 36.2% from the stock's current price. View Analyst Price Targets for 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.

Press coverage about NFE stock has been trending neutral recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. New Fortress Energy earned a coverage optimism score of 0.5 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. 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 presently 9.2 days. Approximately 5.5% of the shares of the stock are short sold. 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 initial public offering 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 institutional and retail 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 $16.40.

New Fortress Energy has a market capitalization of $2.75 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]