NASDAQ:NFE New Fortress Energy (NFE) Stock Price, News & Analysis $11.06 -0.55 (-4.74%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$11.01▼$11.8750-Day Range$11.06▼$25.6452-Week Range$11.01▼$40.04Volume2.34 million shsAverage Volume2.17 million shsMarket Capitalization$2.27 billionP/E Ratio5.03Dividend Yield3.62%Price Target$29.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get New Fortress Energy alerts: Email Address New Fortress Energy MarketRank™ Stock AnalysisAnalyst RatingHold2.40 Rating ScoreUpside/Downside162.2% Upside$29.00 Price TargetShort InterestBearish19.06% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.48Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth148.00%From $0.50 to $1.24 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.68 out of 5 starsOils/Energy Sector103rd out of 239 stocksNatural Gas Distribution Industry2nd out of 12 stocks 3.2 Analyst's Opinion Consensus RatingNew Fortress Energy has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageNew Fortress Energy has only been the subject of 3 research reports in the past 90 days.Read more about New Fortress Energy's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted19.06% 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 6.8.Change versus previous monthShort interest in New Fortress Energy has recently increased by 10.81%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldNew Fortress Energy pays a meaningful dividend of 3.23%, higher than the bottom 25% of all stocks that pay dividends.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 32.26% 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. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NFE. Previous Next 1.9 News and Social Media Coverage News SentimentNew Fortress Energy has a news sentiment score of 0.48. 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 0.66 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 5 news articles for New Fortress Energy this week, compared to 4 articles on an average week.Search InterestOnly 32 people have searched for NFE on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added New Fortress Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -91% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, New Fortress Energy insiders have not sold or bought any 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. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for New Fortress Energy are expected to grow by 148.00% in the coming year, from $0.50 to $1.24 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Fortress Energy is 5.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.08.Price to Earnings Ratio vs. SectorThe P/E ratio of New Fortress Energy is 5.03, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.64.Price to Book Value per Share RatioNew Fortress Energy has a P/B Ratio of 1.34. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyTrump’s weapon lurks in abandoned AmericaUnemployment is sky-high, wages are at record lows. Addiction has overwhelmed these once thriving coal towns. Hopelessness abounds. And looking in, the future here looks bleak for these forgotten souls. But in a strange twist of fate, something miraculous is taking place…Go here now to watch my new documentary About New Fortress Energy Stock (NASDAQ:NFE)New 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 NFE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NFE Stock News HeadlinesSeptember 3, 2024 | msn.comNew Fortress Energy approved by DoE to export LNG to non-FTA countriesAugust 30, 2024 | ca.finance.yahoo.comNFE Aug 2024 14.000 callSeptember 7, 2024 | Porter & Company (Ad)Trump’s weapon lurks in abandoned AmericaUnemployment is sky-high, wages are at record lows. Addiction has overwhelmed these once thriving coal towns. Hopelessness abounds. And looking in, the future here looks bleak for these forgotten souls. But in a strange twist of fate, something miraculous is taking place…August 29, 2024 | ca.finance.yahoo.comNFE Aug 2024 12.000 putAugust 29, 2024 | ca.finance.yahoo.comNFE Aug 2024 12.000 callAugust 28, 2024 | seekingalpha.comNew Fortress: Refinancing Is Secured, Time To Look AheadAugust 24, 2024 | uk.finance.yahoo.comNew Fortress Energy Inc (NF0.DU)August 18, 2024 | theglobeandmail.comNFE Is Being Investigated for Potential Securities Law Violations - Contact Kaplan Fox & Kilsheimer LLPSeptember 7, 2024 | Porter & Company (Ad)Trump’s weapon lurks in abandoned AmericaUnemployment is sky-high, wages are at record lows. Addiction has overwhelmed these once thriving coal towns. Hopelessness abounds. And looking in, the future here looks bleak for these forgotten souls. But in a strange twist of fate, something miraculous is taking place…August 18, 2024 | finance.yahoo.comNew Fortress Energy's (NASDAQ:NFE) Weak Earnings May Only Reveal A Part Of The Whole PictureAugust 15, 2024 | theglobeandmail.comKaplan Fox & Kilsheimer LLP is Investigating Possible Securities Law Violations Against New Fortress Energy Inc. (NFE)August 15, 2024 | finance.yahoo.comFitch Downgrades New Fortress’ Default Rating, Citing Refinancing RiskAugust 13, 2024 | ca.finance.yahoo.comNFE Dec 2025 10.000 callAugust 13, 2024 | markets.businessinsider.comAnalysts Offer Insights on Utilities Companies: Altus Power (AMPS), Fluence Energy (FLNC) and New Fortress Energy (NFE)August 12, 2024 | benzinga.comThese Analysts Slash Their Forecasts On New Fortress Energy Following Q2 ResultsAugust 11, 2024 | finance.yahoo.comNew Fortress Energy Second Quarter 2024 Earnings: Misses ExpectationsAugust 10, 2024 | insidermonkey.comNew Fortress Energy Inc. (NASDAQ:NFE) Q2 2024 Earnings Call TranscriptAugust 9, 2024 | reuters.comNew Fortress Energy stock tumbles as it misses earnings estimatesSee More Headlines 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 Company Calendar Ex-Dividend for 6/27 Dividend6/14/2024Dividend Payable6/27/2024Last Earnings8/09/2024Today9/07/2024Ex-Dividend for 9/27 Dividend9/13/2024Dividend Payable9/27/2024Next 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$29.00 High Stock Price Target$45.00 Low Stock Price Target$17.00 Potential Upside/Downside+162.2%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$2.20 Trailing P/E Ratio5.03 Forward P/E Ratio22.12 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 / Sales0.95 Cash Flow$3.33 per share Price / Cash Flow3.32 Book Value$8.23 per share Price / Book1.34Miscellaneous Outstanding Shares205,064,000Free Float128,985,000Market Cap$2.27 billion OptionableOptionable Beta1.53 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Wesley Robert Edens (Age 62)Founder, Chairman & CEO Mr. Christopher S. Guinta (Age 41)Chief Financial Officer Comp: $2MMs. Yunyoung Shin (Age 46)Chief Accounting Officer Comp: $1.1MMr. Brett MagillHead of Investor Relations & MDJake SuskiManaging Director of Public AffairsMr. Brannen McElmurrayMD & Chief Development OfficerMr. Sam AbdallaHead of Distributed Generation Projects & VP of Project DevelopmentMr. Cameron D. MacDougall Esq. (Age 48)Secretary Mr. Joshua KaneVice President of Investor RelationsMr. Patrick Thomas HughesExecutive OfficerMore ExecutivesKey CompetitorsNorthwest NaturalNYSE:NWNSouth Jersey IndustriesNYSE:SJINew Jersey ResourcesNYSE:NJRNational Fuel GasNYSE:NFGDT MidstreamNYSE:DTMView All CompetitorsInstitutional OwnershipPoint72 Asset Management L.P.Bought 72,700 shares on 8/19/2024Ownership: 0.000%Duff & Phelps Investment Management Co.Bought 12,500 shares on 8/16/2024Ownership: 0.161%Susquehanna International Group LLPSold 24,800 shares on 8/16/2024Ownership: 0.000%Quarry LPBought 1,253 shares on 8/16/2024Ownership: 0.001%The Manufacturers Life Insurance Company Bought 1,024 shares on 8/15/2024Ownership: 0.011%View All Institutional Transactions NFE Stock Analysis - Frequently Asked Questions How have NFE shares performed this year? New Fortress Energy's stock was trading at $37.73 at the start of the year. Since then, NFE stock has decreased by 70.7% and is now trading at $11.06. View the best growth stocks for 2024 here. How were New Fortress Energy's earnings last quarter? New Fortress Energy Inc. (NASDAQ:NFE) issued its earnings results on Friday, August, 9th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by $0.50. The firm's revenue for the quarter was down 23.7% compared to the same quarter last year. What is Wesley Edens' approval rating as New Fortress Energy's CEO? 2 employees have rated New Fortress Energy Chief Executive Officer Wesley Edens on Glassdoor.com. Wesley Edens has an approval rating of 100% among the company's employees. This puts Wesley Edens in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. When did New Fortress Energy IPO? New Fortress Energy (NFE) raised $300 million in an initial public offering (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 served 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 top institutional investors include William Blair Investment Management LLC (4.66%), Primecap Management Co. CA (3.91%), Encompass Capital Advisors LLC (2.34%) and Federated Hermes Inc. (2.04%). Insiders that own company stock include 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 Coty (COTY), Designer Brands (DBI), Energy Transfer (ET), Kohl's (KSS), Pfizer (PFE), AT&T (T) and Tapestry (TPR). This page (NASDAQ:NFE) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. Reg A inv...Mode Mobile | SponsoredBiden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial inde...Golden Crest | SponsoredTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | SponsoredSay Goodbye to the US DollarThe warning signs are everywhere… According to experts, the United States Dollar is "as good as doomed." ...Sasco Gold LLC | SponsoredChina Stockpiling Gold “Like No Tomorrow”For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a populat...True Gold Republic | SponsoredMy grim warning about AI stocksToday, I’m warning of another looming catastrophe. Only this time, it’s not in pot stocks, cryptos, or U.S....Porter & Company | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding New Fortress Energy Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Share New Fortress Energy With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Free NFE Stock Alerts