New Fortress Energy (NASDAQ:NFE) Price Target Cut to $19.00 by Analysts at Stifel Nicolaus

New Fortress Energy (NASDAQ:NFE - Free Report) had its price target lowered by Stifel Nicolaus from $23.00 to $19.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on NFE. Morgan Stanley decreased their price target on shares of New Fortress Energy from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of New Fortress Energy from a "sell" rating to a "hold" rating and set a $11.00 price target for the company in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $15.60.

New Fortress Energy Trading Up 1.9 %

Shares of New Fortress Energy stock traded up $0.18 during trading on Tuesday, reaching $9.87. 4,056,484 shares of the stock were exchanged, compared to its average volume of 4,492,275. The company has a quick ratio of 0.35, a current ratio of 0.38 and a debt-to-equity ratio of 4.06. The stock's fifty day moving average is $13.39 and its 200 day moving average is $11.55. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 10.85 and a beta of 1.58. New Fortress Energy has a 1 year low of $7.82 and a 1 year high of $33.83.

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New Fortress Energy (NASDAQ:NFE - Get Free Report) last posted its earnings results on Monday, March 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.07. The company had revenue of $679.00 million during the quarter, compared to analyst estimates of $613.24 million. New Fortress Energy had a net margin of 7.84% and a return on equity of 15.60%. As a group, equities research analysts expect that New Fortress Energy will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On New Fortress Energy

A number of institutional investors and hedge funds have recently made changes to their positions in NFE. Creative Planning bought a new position in shares of New Fortress Energy during the third quarter valued at approximately $214,000. US Bancorp DE increased its stake in shares of New Fortress Energy by 344.6% during the third quarter. US Bancorp DE now owns 3,570 shares of the company's stock valued at $32,000 after purchasing an additional 2,767 shares in the last quarter. Crestwood Advisors Group LLC increased its stake in shares of New Fortress Energy by 27.4% during the third quarter. Crestwood Advisors Group LLC now owns 108,031 shares of the company's stock valued at $982,000 after purchasing an additional 23,225 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of New Fortress Energy during the third quarter valued at approximately $480,000. Finally, American Assets Capital Advisers LLC increased its stake in shares of New Fortress Energy by 105.7% during the third quarter. American Assets Capital Advisers LLC now owns 1,555,767 shares of the company's stock valued at $14,968,000 after purchasing an additional 799,280 shares in the last quarter. Institutional investors own 58.61% of the company's stock.

New Fortress Energy Company Profile

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.