Yaupon Capital Management LP Invests $8.62 Million in New Fortress Energy Inc. (NASDAQ:NFE)

Yaupon Capital Management LP purchased a new position in New Fortress Energy Inc. (NASDAQ:NFE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 569,914 shares of the company's stock, valued at approximately $8,617,000. Yaupon Capital Management LP owned about 0.23% of New Fortress Energy as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp purchased a new position in New Fortress Energy in the 3rd quarter worth approximately $990,000. State Street Corp lifted its holdings in shares of New Fortress Energy by 4.9% during the third quarter. State Street Corp now owns 1,205,046 shares of the company's stock valued at $10,954,000 after purchasing an additional 56,153 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of New Fortress Energy by 8.5% during the third quarter. Franklin Resources Inc. now owns 161,095 shares of the company's stock valued at $1,555,000 after buying an additional 12,587 shares during the last quarter. GAMMA Investing LLC increased its holdings in New Fortress Energy by 148.5% in the 4th quarter. GAMMA Investing LLC now owns 3,966 shares of the company's stock worth $60,000 after buying an additional 2,370 shares in the last quarter. Finally, SL Advisors LLC purchased a new position in New Fortress Energy in the 4th quarter worth about $1,000,000. Institutional investors own 58.61% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Citigroup reduced their price target on shares of New Fortress Energy from $34.00 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley decreased their target price 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. Stifel Nicolaus cut their price objective on New Fortress Energy from $16.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft set a $8.00 price objective on New Fortress Energy in a research report on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, New Fortress Energy has an average rating of "Moderate Buy" and an average target price of $13.00.

Insiders Place Their Bets

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

New Fortress Energy Stock Performance

Shares of NASDAQ:NFE traded down $0.35 during midday trading on Friday, hitting $5.52. The company had a trading volume of 5,058,905 shares, compared to its average volume of 4,890,341. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 6.07 and a beta of 1.52. 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 company has a fifty day moving average of $8.36 and a two-hundred day moving average of $10.71. New Fortress Energy Inc. has a 12-month low of $4.72 and a 12-month high of $29.11.

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

New Fortress Energy 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.