New Fortress Energy Inc. (NASDAQ:NFE - Get Free Report) was the recipient of some unusual options trading on Thursday. Stock investors bought 21,178 put options on the stock. This represents an increase of approximately 120% compared to the average daily volume of 9,628 put options.
New Fortress Energy Stock Performance
New Fortress Energy stock traded down $0.54 during midday trading on Monday, hitting $8.31. 7,585,999 shares of the company were exchanged, compared to its average volume of 4,231,853. The business has a fifty day simple moving average of $11.84 and a two-hundred day simple moving average of $11.35. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.35 and a current ratio of 0.38. The firm has a market capitalization of $2.28 billion, a PE ratio of 9.13 and a beta of 1.58. New Fortress Energy has a fifty-two week low of $7.58 and a fifty-two week high of $30.80.
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, beating the consensus estimate of $0.06 by $0.07. The firm 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%. On average, sell-side analysts forecast that New Fortress Energy will post 0.36 earnings per share for the current year.
Insider Activity
In related news, CFO Christopher S. Guinta acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $8.57 per share, with a total value of $42,850.00. Following the transaction, the chief financial officer now directly owns 206,653 shares of the company's stock, valued at $1,771,016.21. This trade represents a 2.48 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 37.10% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System lifted its holdings in New Fortress Energy by 58.4% during the fourth quarter. California State Teachers Retirement System now owns 92,604 shares of the company's stock valued at $1,400,000 after purchasing an additional 34,142 shares in the last quarter. American Assets Investment Management LLC boosted its holdings in New Fortress Energy by 64.8% in the 4th quarter. American Assets Investment Management LLC now owns 188,012 shares of the company's stock worth $2,843,000 after buying an additional 73,947 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in New Fortress Energy by 16.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 27,425 shares of the company's stock worth $415,000 after buying an additional 3,778 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of New Fortress Energy by 40.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 197,427 shares of the company's stock valued at $2,985,000 after acquiring an additional 56,760 shares during the last quarter. Finally, Waverly Advisors LLC purchased a new position in shares of New Fortress Energy in the fourth quarter valued at approximately $242,000. Hedge funds and other institutional investors own 58.61% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on NFE shares. Deutsche Bank Aktiengesellschaft set a $8.00 price objective on shares of New Fortress Energy in a report on Wednesday, March 12th. Morgan Stanley dropped their price target on New Fortress Energy from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 4th. Finally, Stifel Nicolaus reduced their price objective on New Fortress Energy from $23.00 to $19.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, New Fortress Energy presently has a consensus rating of "Hold" and a consensus price target of $15.00.
Read Our Latest Research Report on New Fortress Energy
New Fortress Energy Company Profile
(
Get Free Report)
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.
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