New Fortress Energy Inc. (NASDAQ:NFE - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 13,429 put options on the stock. This represents an increase of approximately 70% compared to the typical volume of 7,886 put options.
New Fortress Energy Price Performance
NASDAQ NFE traded down $0.89 during trading hours on Monday, hitting $8.98. 8,087,088 shares of the company's stock traded hands, compared to its average volume of 3,835,783. New Fortress Energy has a 52-week low of $7.82 and a 52-week high of $33.22. The company has a market capitalization of $2.45 billion, a PE ratio of 9.87 and a beta of 1.58. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.38 and a quick ratio of 0.35. The firm's 50-day moving average is $13.26 and its 200-day moving average is $11.51.
New Fortress Energy (NASDAQ:NFE - Get Free Report) last posted its quarterly 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. New Fortress Energy had a net margin of 7.84% and a return on equity of 15.60%. The business had revenue of $679.00 million during the quarter, compared to analysts' expectations of $613.24 million. Equities analysts forecast that New Fortress Energy will post 0.36 EPS for the current fiscal year.
Institutional Trading of New Fortress Energy
Hedge funds have recently made changes to their positions in the company. Allworth Financial LP grew its stake in shares of New Fortress Energy by 2,156.0% in the 4th quarter. Allworth Financial LP now owns 2,053 shares of the company's stock valued at $32,000 after buying an additional 1,962 shares during the period. KBC Group NV grew its stake in shares of New Fortress Energy by 116.9% in the 3rd quarter. KBC Group NV now owns 3,436 shares of the company's stock valued at $31,000 after buying an additional 1,852 shares during the period. US Bancorp DE grew its stake in shares of New Fortress Energy by 344.6% in the 3rd quarter. US Bancorp DE now owns 3,570 shares of the company's stock valued at $32,000 after buying an additional 2,767 shares during the period. GAMMA Investing LLC grew its stake in shares of New Fortress Energy by 148.5% in the 4th quarter. GAMMA Investing LLC now owns 3,966 shares of the company's stock valued at $60,000 after buying an additional 2,370 shares during the period. Finally, Quarry LP purchased a new stake in shares of New Fortress Energy in the 4th quarter valued at approximately $64,000. Hedge funds and other institutional investors own 58.61% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on NFE shares. Deutsche Bank Aktiengesellschaft upgraded 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 report on Wednesday, December 4th. Stifel Nicolaus dropped 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. Finally, Morgan Stanley dropped 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 note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $15.60.
Read Our Latest Analysis 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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