New Fortress Energy Inc. (NASDAQ:NFE – Get Free Report) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $26.67.
A number of equities research analysts have recently issued reports on the company. Barclays dropped their price objective on New Fortress Energy from $27.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Stifel Nicolaus cut their price target on shares of New Fortress Energy from $40.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, August 12th. BTIG Research decreased their price objective on shares of New Fortress Energy from $35.00 to $15.00 and set a “buy” rating for the company in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of New Fortress Energy from $26.00 to $21.00 and set a “hold” rating on the stock in a report on Monday, August 12th.
Check Out Our Latest Research Report on New Fortress Energy
Institutional Investors Weigh In On New Fortress Energy
New Fortress Energy Trading Up 2.1 %
Shares of NASDAQ:NFE opened at $10.91 on Friday. The company’s 50-day moving average price is $16.31 and its two-hundred day moving average price is $23.35. New Fortress Energy has a one year low of $9.44 and a one year high of $40.04. The company has a debt-to-equity ratio of 4.38, a current ratio of 0.72 and a quick ratio of 0.63. The stock has a market capitalization of $2.24 billion, a PE ratio of 4.96 and a beta of 1.53.
New Fortress Energy (NASDAQ:NFE – Get Free Report) last released its earnings results on Friday, August 9th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.50). New Fortress Energy had a return on equity of 18.80% and a net margin of 10.19%. The company had revenue of $428.00 million for the quarter, compared to the consensus estimate of $465.52 million. During the same quarter in the previous year, the company posted $0.58 EPS. The business’s revenue was down 23.7% on a year-over-year basis. On average, equities analysts forecast that New Fortress Energy will post 0.58 EPS for the current fiscal year.
New Fortress Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, September 13th. New Fortress Energy’s payout ratio is presently 18.18%.
New Fortress Energy Company 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.
See Also
- Five stocks we like better than New Fortress Energy
- How to Plot Fibonacci Price Inflection Levels
- Individual Stocks vs. Index Funds: Which Is Right for You?
- Most active stocks: Dollar volume vs share volume
- 3 Fresh Stock Buybacks: These are the Ones to Buy
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Tesla’s New Buy Rating: Why Analysts Are Optimistic
Receive News & Ratings for New Fortress Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Fortress Energy and related companies with MarketBeat.com's FREE daily email newsletter.