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NASDAQ:NFE

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

New Fortress Energy logo
$14.49 -0.07 (-0.48%)
(As of 12/24/2024 05:19 PM ET)

About New Fortress Energy Stock (NASDAQ:NFE)

Key Stats

Today's Range
$14.09
$14.79
50-Day Range
$8.00
$14.56
52-Week Range
$7.82
$39.26
Volume
3.52 million shs
Average Volume
3.25 million shs
Market Capitalization
$3.64 billion
P/E Ratio
15.92
Dividend Yield
1.38%
Price Target
$15.40
Consensus Rating
Hold

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.

New Fortress Energy Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
30th Percentile Overall Score

NFE MarketRank™: 

New Fortress Energy scored higher than 30% of companies evaluated by MarketBeat, and ranked 219th out of 274 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    New Fortress Energy has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

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

  • Read more about New Fortress Energy's stock forecast and price target.
  • Earnings Growth

    Earnings for New Fortress Energy are expected to decrease by -31.11% in the coming year, from $0.45 to $0.31 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of New Fortress Energy is 15.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.11.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of New Fortress Energy is 15.92, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.51.

  • Price to Book Value per Share Ratio

    New Fortress Energy has a P/B Ratio of 1.67. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    23.37% 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 6.4.
  • Change versus previous month

    Short interest in New Fortress Energy has recently increased by 5.19%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    New Fortress Energy pays a meaningful dividend of 1.67%, 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 21.98%. 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 64.52% next year. This indicates that New Fortress Energy will be able to sustain or increase its dividend.

  • Read more about New Fortress Energy's dividend.
  • Percentage of Shares Shorted

    23.37% 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 6.4.
  • Change versus previous month

    Short interest in New Fortress Energy has recently increased by 5.19%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    New Fortress Energy has a news sentiment score of 0.67. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 15 news articles for New Fortress Energy this week, compared to 9 articles on an average week.
  • Search Interest

    41 people have searched for NFE on MarketBeat in the last 30 days. This is an increase of 24% compared to the previous 30 days.
  • MarketBeat Follows

    Only 10 people have added New Fortress Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -9% compared to the previous 30 days.
  • 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.

  • Read more about New Fortress Energy's insider trading history.
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NFE Stock News Headlines

New Fortress Energy (NASDAQ:NFE) Shares Gap Up After Analyst Upgrade
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New Fortress Energy price target raised to $17 from $16 at Stifel
New Fortress Energy stock surges on Puerto Rico plant deal report
Analysts Issue Forecasts for NFE FY2024 Earnings
New Fortress Energy Inc. (NFE): A Bull Case Theory
New Fortress Energy executes 10 year charter for Energos Eskimo, no terms
See More Headlines

NFE Stock Analysis - Frequently Asked Questions

New Fortress Energy's stock was trading at $37.73 on January 1st, 2024. Since then, NFE stock has decreased by 61.6% and is now trading at $14.49.
View the best growth stocks for 2024 here
.

New Fortress Energy Inc. (NASDAQ:NFE) posted its earnings results on Friday, August, 9th. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of $0.09 by $0.50. New Fortress Energy's quarterly revenue was down 23.7% on a year-over-year basis.

New Fortress Energy (NFE) raised $300 million in an initial public offering (IPO) 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.

New Fortress Energy's top institutional investors 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
.

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.

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
12/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas distribution
Sub-Industry
Utilities
Current Symbol
NASDAQ:NFE
Fax
N/A
Employees
670
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.40
High Stock Price Target
$19.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+6.3%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$547.88 million
Pretax Margin
11.05%

Debt

Sales & Book Value

Annual Sales
$2.44 billion
Cash Flow
$4.20 per share
Book Value
$8.67 per share

Miscellaneous

Free Float
158,143,000
Market Cap
$3.64 billion
Optionable
Optionable
Beta
1.60
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This page (NASDAQ:NFE) was last updated on 12/25/2024 by MarketBeat.com Staff
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