NASDAQ:NFE New Fortress Energy (NFE) Stock Price, News & Analysis $9.13 -0.36 (-3.79%) (As of 10/17/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About New Fortress Energy Stock (NASDAQ:NFE) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get New Fortress Energy alerts:Sign Up Key Stats Today's Range$8.94▼$9.3650-Day Range$8.93▼$14.1152-Week Range$8.20▼$40.04Volume5.05 million shsAverage Volume2.74 million shsMarket Capitalization$1.87 billionP/E Ratio7.74Dividend Yield4.38%Price Target$19.77Consensus RatingHold Company OverviewNew Fortress Energy Inc. operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units (FRSU) and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; Dual-fired combined heat and power facility in Clarendon, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; and LNG receiving facility and gas-fired power plant in Baja Califrnia Sur, Mexico, as well as a Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.Read More… The most serious warning of my career (Ad)With the 2024 election just weeks away, a new crisis is barrelling down on America… one that could cleave the financial world in two the moment the polls close. I predict they could see investment losses of 50% (or more) in the weeks following the presidential election. Click here now to grab your seat now. New Fortress Energy Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks98th Percentile Overall ScoreNFE MarketRank™: New Fortress Energy scored higher than 98% of companies evaluated by MarketBeat, and ranked 11th out of 255 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion4.1 / 5Analyst RatingHold Consensus RatingNew Fortress Energy has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating.Amount of Analyst CoverageNew Fortress Energy has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about New Fortress Energy's stock forecast and price target. Earnings and Valuation3.1 / 5Proj. Earnings Growth39.02% Earnings GrowthEarnings for New Fortress Energy are expected to grow by 39.02% in the coming year, from $0.41 to $0.57 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Fortress Energy is 7.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.Price to Earnings Ratio vs. SectorThe P/E ratio of New Fortress Energy is 7.74, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.86.Price to Book Value per Share RatioNew Fortress Energy has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about New Fortress Energy's valuation and earnings. Short Interest2.0 / 5Short Interest LevelBearish Percentage of Shares Shorted18.38% of the float of New Fortress Energy has been sold short.Short Interest Ratio / Days to CoverNew Fortress Energy has a short interest ratio ("days to cover") of 5.1.Change versus previous monthShort interest in New Fortress Energy has recently decreased by 3.92%, indicating that investor sentiment is improving. Dividend3.3 / 5Dividend StrengthStrong Dividend LeadershipNew Fortress Energy is a leading dividend payer. It pays a dividend yield of 4.27%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthNew Fortress Energy does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of New Fortress Energy is 18.18%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, New Fortress Energy will have a dividend payout ratio of 70.18% next year. This indicates that New Fortress Energy will be able to sustain or increase its dividend.Read more about New Fortress Energy's dividend. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted18.38% of the float of New Fortress Energy has been sold short.Short Interest Ratio / Days to CoverNew Fortress Energy has a short interest ratio ("days to cover") of 5.1.Change versus previous monthShort interest in New Fortress Energy has recently decreased by 3.92%, indicating that investor sentiment is improving. News and Social Media2.9 / 5News Sentiment0.16 News SentimentNew Fortress Energy has a news sentiment score of 0.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 21 news articles for New Fortress Energy this week, compared to 7 articles on an average week.Search Interest48 people have searched for NFE on MarketBeat in the last 30 days. This is an increase of 85% compared to the previous 30 days.MarketBeat Follows14 people have added New Fortress Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 1,300% compared to the previous 30 days. Company Ownership4.2 / 5Insider TradingAcquiring Shares Insider Buying vs. Insider SellingIn the past three months, New Fortress Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought $49,999,993.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders37.10% 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 Institutions58.61% 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.Read more about New Fortress Energy's insider trading history. Receive NFE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for New Fortress Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address NFE Stock News HeadlinesWesley R. Edens Purchases 5,793,742 Shares of New Fortress Energy Inc. (NASDAQ:NFE) StockOctober 4, 2024 | insidertrades.comIs New Fortress Energy (NFE) the Best High Growth Utility Stock To Invest In?October 17 at 10:24 PM | msn.comWar on Elon Escalates… A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.October 17, 2024 | Porter & Company (Ad)SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against New Fortress Energy Inc. - NFEOctober 17 at 3:03 PM | prnewswire.comNew Fortress Energy Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before November 18, 2024 to Discuss Your Rights - NFEOctober 17 at 5:45 AM | prnewswire.comNew Fortress Energy Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm Before November 18, 2024 to Discuss Your Rights – NFEOctober 16 at 12:05 PM | globenewswire.comSHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of New Fortress EnergyOctober 16 at 11:36 AM | globenewswire.comROSEN, A TOP-RANKED LAW FIRM, Encourages New Fortress Energy Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NFEOctober 15 at 8:50 PM | globenewswire.comSee More Headlines NFE Stock Analysis - Frequently Asked Questions How have NFE shares performed this year? New Fortress Energy's stock was trading at $37.73 on January 1st, 2024. Since then, NFE stock has decreased by 75.8% and is now trading at $9.13. View the best growth stocks for 2024 here. How were New Fortress Energy's earnings last quarter? New Fortress Energy Inc. (NASDAQ:NFE) released its quarterly earnings results on Friday, August, 9th. The company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by $0.50. New Fortress Energy's revenue for the quarter was down 23.7% compared to the same quarter last year. When did New Fortress Energy IPO? New Fortress Energy (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. Who are New Fortress Energy's major shareholders? Top institutional shareholders of New Fortress Energy include Exchange Traded Concepts LLC (0.07%), Vontobel Holding Ltd. (0.03%), Creative Planning (0.01%) and nVerses Capital LLC. Insiders that own company stock include Wesley R Edens, Nfe Smrs Holdings Llc, Energy Transition Holdings Llc, Katherine Wanner, Timothy W Jay and Desmond Iain Catterall. View institutional ownership trends. How do I buy shares of New Fortress Energy? Shares of NFE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of New Fortress Energy own? Based on aggregate information from My MarketBeat watchlists, some other companies that New Fortress Energy investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Exxon Mobil (XOM). Company Calendar Last Earnings8/09/2024Ex-Dividend for 9/27 Dividend9/13/2024Dividend Payable9/27/2024Today10/17/2024Next Earnings (Estimated)11/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Natural gas distribution Sub-IndustryUtilities Current SymbolNASDAQ:NFE CUSIPN/A CIK1749723 Webwww.newfortressenergy.com Phone(516) 268-7400FaxN/AEmployees670Year FoundedN/APrice Target and Rating Average Stock Price Target$19.77 High Stock Price Target$45.00 Low Stock Price Target$7.60 Potential Upside/Downside+116.5%Consensus RatingHold Rating Score (0-4)2.17 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$2.20 Trailing P/E Ratio7.74 Forward P/E Ratio22.27 P/E GrowthN/ANet Income$547.88 million Net Margins10.19% Pretax Margin14.36% Return on Equity18.80% Return on Assets3.02% Debt Debt-to-Equity Ratio4.38 Current Ratio0.72 Quick Ratio0.63 Sales & Book Value Annual Sales$2.39 billion Price / Sales0.78 Cash Flow$3.76 per share Price / Cash Flow2.43 Book Value$8.67 per share Price / Book1.05Miscellaneous Outstanding Shares205,064,000Free Float128,987,000Market Cap$1.87 billion OptionableOptionable Beta1.51 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. 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