New Fortress Energy (NFE) Stock Price, News & Analysis

Company Overview

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. The Ships segment offers floating storage and regasification units (FRSU) and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; Dual-fired combined heat and power facility in Clarendon, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; and LNG receiving facility and gas-fired power plant in Baja Califrnia Sur, Mexico, as well as a Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.

Key Stats

• Today's Range: $8.81 to $9.23
• 50-Day Range: $8.00 to $12.16
• 52-Week Range: $7.82 to $40.04
• Volume: 3.95 million shs
• Average Volume: 3.00 million shs
• Market Capitalization: $1.88 billion
• P/E Ratio: 10.09
• Dividend Yield: 3.27%
• Price Target: $19.77
• Consensus Rating: Hold

New Fortress Energy Stock Analysis - MarketRank™

New Fortress Energy scored higher than 83% of companies evaluated by MarketBeat, and ranked 67th out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

New Fortress Energy has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

New Fortress Energy has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 50.00%

Earnings Growth

Earnings for New Fortress Energy are expected to grow by 50.00% in the coming year, from $0.44 to $0.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of New Fortress Energy is 10.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of New Fortress Energy is 10.09, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.36.

Price to Book Value per Share Ratio

New Fortress Energy has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

23.98% of the float of New Fortress Energy has been sold short.

Short Interest Ratio / Days to Cover

New Fortress Energy has a short interest ratio ("days to cover") of 6.1.

Change versus previous month

Short interest in New Fortress Energy has recently increased by 8.68%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

New Fortress Energy pays a meaningful dividend of 3.50%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

New Fortress Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of New Fortress Energy is 32.97%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, New Fortress Energy will have a dividend payout ratio of 45.45% next year. This indicates that New Fortress Energy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

23.98% of the float of New Fortress Energy has been sold short.

Short Interest Ratio / Days to Cover

New Fortress Energy has a short interest ratio ("days to cover") of 6.1.

Change versus previous month

Short interest in New Fortress Energy has recently increased by 8.68%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: 0.11

News Sentiment

New Fortress Energy has a news sentiment score of 0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 21 news articles for New Fortress Energy this week, compared to 9 articles on an average week.

Search Interest

Only 36 people have searched for NFE on MarketBeat in the last 30 days. This is a decrease of -23% compared to the previous 30 days.

MarketBeat Follows

Only 12 people have added New Fortress Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, New Fortress Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought $49,999,993.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

37.10% of the stock of New Fortress Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

58.61% of the stock of New Fortress Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NFE Stock Analysis - Frequently Asked Questions

How have NFE shares performed this year?

New Fortress Energy's stock was trading at $37.73 at the start of the year. Since then, NFE stock has decreased by 75.7% and is now trading at $9.18.
View the best growth stocks for 2024 here.

How were New Fortress Energy's earnings last quarter?

New Fortress Energy Inc. (NASDAQ:NFE) issued its earnings results on Friday, August, 9th. The company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by $0.50. The company's quarterly revenue was down 23.7% compared to the same quarter last year.

When did New Fortress Energy IPO?

New Fortress Energy (NFE) raised $300 million in an initial public offering on Thursday, January 31st 2019. The company issued 20,000,000 shares at a price of $15.00 per share. Morgan Stanley, Barclays, Citigroup and Credit Suisse acted as the underwriters for the IPO and Evercore ISI, Allen & Company, JMP Securities and Stifel were co-managers.

Who are New Fortress Energy's major shareholders?

New Fortress Energy's top institutional shareholders include Primecap Management Co. CA (5.62%), Maple Rock Capital Partners Inc., M&G PLC (1.23%) and HITE Hedge Asset Management LLC (0.91%). Insiders that own company stock include Wesley R Edens, Nfe Smrs Holdings Llc, Energy Transition Holdings Llc, Katherine Wanner, Timothy W Jay and Desmond Iain Catterall.
View institutional ownership trends.

How do I buy shares of New Fortress Energy?

Shares of NFE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of New Fortress Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that New Fortress Energy investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Exxon Mobil (XOM).

Company Calendar

• Last Earnings: 8/09/2024
• Ex-Dividend for 9/27 Dividend: 9/13/2024
• Dividend Payable: 9/27/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Natural gas distribution
• Sub-Industry: Utilities
• Current Symbol: NASDAQ:NFE
• CUSIP: N/A
• CIK: 1749723
• Web: www.newfortressenergy.com
• Phone: (516) 268-7400
• Fax: N/A
• Employees: 670
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $19.77
• High Stock Price Target: $45.00
• Low Stock Price Target: $7.60
• Potential Upside/Downside: +115.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.17
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.91
• Trailing P/E Ratio: 10.09
• Forward P/E Ratio: 20.86
• P/E Growth: N/A
• Net Income: $547.88 million
• Net Margins: 7.84%
• Pretax Margin: 11.05%
• Return on Equity: 15.60%
• Return on Assets: 2.42%

Debt

• Debt-to-Equity Ratio: 4.06
• Current Ratio: 0.38
• Quick Ratio: 0.35

Sales & Book Value

• Annual Sales: $2.41 billion
• Price / Sales: 0.78
• Cash Flow: $3.97 per share
• Price / Cash Flow: 2.31
• Book Value: $8.67 per share
• Price / Book: 1.06

Miscellaneous

• Outstanding Shares: 205,070,000
• Free Float: 128,987,000
• Market Cap: $1.88 billion
• Optionable: Optionable
• Beta: 1.53