Capital One Financial Brokers Cut Earnings Estimates for NFE

New Fortress Energy Inc. (NASDAQ:NFE - Free Report) - Capital One Financial cut their Q1 2025 earnings per share estimates for New Fortress Energy in a research note issued to investors on Tuesday, April 1st. Capital One Financial analyst W. Suki now anticipates that the company will post earnings per share of ($0.09) for the quarter, down from their prior forecast of $0.05. The consensus estimate for New Fortress Energy's current full-year earnings is $0.36 per share. Capital One Financial also issued estimates for New Fortress Energy's Q1 2025 earnings at ($0.09) EPS, Q2 2025 earnings at ($0.05) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.02 EPS, FY2025 earnings at ($0.05) EPS, FY2025 earnings at ($0.05) EPS, FY2026 earnings at $0.05 EPS and FY2026 earnings at $0.05 EPS.

New Fortress Energy (NASDAQ:NFE - Get Free Report) last announced its earnings results on Monday, March 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.07. New Fortress Energy had a return on equity of 15.60% and a net margin of 7.84%. The company had revenue of $679.00 million for the quarter, compared to analyst estimates of $613.24 million.

Several other analysts have also recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of 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. Deutsche Bank Aktiengesellschaft set a $8.00 price target on New Fortress Energy in a report on Wednesday, March 12th. Morgan Stanley decreased their price objective on shares of New Fortress Energy from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 4th. Finally, Citigroup cut their price objective on New Fortress Energy from $34.00 to $8.00 and set a "buy" rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $13.83.

New Fortress Energy Stock Performance

Shares of NFE traded up $0.72 during trading hours on Friday, reaching $6.14. 3,611,725 shares of the company traded hands, compared to its average volume of 4,533,080. The business has a fifty day moving average price of $10.44 and a 200-day moving average price of $11.10. The stock has a market capitalization of $1.68 billion, a P/E ratio of 6.81 and a beta of 1.52. New Fortress Energy has a 12-month low of $4.80 and a 12-month high of $30.19. The company has a quick ratio of 0.35, a current ratio of 0.38 and a debt-to-equity ratio of 4.06.

Institutional Investors Weigh In On New Fortress Energy

A number of large investors have recently made changes to their positions in the stock. Capital World Investors raised its holdings in shares of New Fortress Energy by 87.9% during the 4th quarter. Capital World Investors now owns 19,925,022 shares of the company's stock worth $301,266,000 after acquiring an additional 9,319,985 shares during the period. William Blair Investment Management LLC boosted its holdings in New Fortress Energy by 40.8% in the 4th quarter. William Blair Investment Management LLC now owns 15,567,055 shares of the company's stock valued at $235,374,000 after purchasing an additional 4,509,177 shares during the last quarter. Primecap Management Co. CA grew its stake in shares of New Fortress Energy by 13.6% in the 4th quarter. Primecap Management Co. CA now owns 13,096,998 shares of the company's stock valued at $198,027,000 after buying an additional 1,564,893 shares during the period. Vanguard Group Inc. increased its holdings in shares of New Fortress Energy by 31.8% during the 4th quarter. Vanguard Group Inc. now owns 11,319,248 shares of the company's stock worth $171,147,000 after buying an additional 2,728,191 shares during the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in shares of New Fortress Energy during the 4th quarter valued at approximately $155,023,000. 58.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other New Fortress Energy news, CFO Christopher S. Guinta acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $8.57 per share, with a total value of $42,850.00. Following the purchase, the chief financial officer now owns 206,653 shares in the company, valued at approximately $1,771,016.21. The trade was a 2.48 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 37.10% of the stock is owned by company insiders.

About New Fortress Energy

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.