New Fortress Energy (NASDAQ:NFE) Given New $53.00 Price Target at Barclays

New Fortress Energy (NASDAQ:NFEGet Rating) had its target price increased by Barclays from $48.00 to $53.00 in a research report released on Wednesday morning, The Fly reports. The firm currently has an equal weight rating on the stock.

NFE has been the subject of several other research reports. Evercore ISI raised their target price on New Fortress Energy to $74.00 in a research note on Tuesday, November 15th. Jefferies Financial Group assumed coverage on New Fortress Energy in a report on Wednesday, October 19th. They set a buy rating and a $65.00 price objective on the stock. JMP Securities raised their price objective on New Fortress Energy from $56.00 to $70.00 and gave the company a market outperform rating in a report on Monday, August 15th. TheStreet raised New Fortress Energy from a c rating to a b- rating in a report on Tuesday, November 8th. Finally, Morgan Stanley raised their price objective on New Fortress Energy from $58.00 to $65.00 and gave the company an overweight rating in a report on Tuesday, September 6th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, New Fortress Energy currently has a consensus rating of Moderate Buy and a consensus price target of $62.50.

New Fortress Energy Stock Up 1.3 %

Shares of NASDAQ:NFE opened at $48.32 on Wednesday. The company has a market capitalization of $10.09 billion, a PE ratio of 36.33 and a beta of 1.68. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.83 and a quick ratio of 1.72. The business has a fifty day moving average price of $49.48 and a two-hundred day moving average price of $48.15. New Fortress Energy has a 1 year low of $19.17 and a 1 year high of $63.06.

New Fortress Energy (NASDAQ:NFEGet Rating) last posted its quarterly earnings results on Tuesday, November 8th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.58). The firm had revenue of $731.93 million for the quarter, compared to the consensus estimate of $741.10 million. New Fortress Energy had a return on equity of 33.81% and a net margin of 11.38%. Analysts forecast that New Fortress Energy will post 3.86 earnings per share for the current year.

New Fortress Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Wednesday, December 7th will be given a $0.10 dividend. The ex-dividend date is Tuesday, December 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. New Fortress Energy’s dividend payout ratio is currently 30.08%.

Institutional Investors Weigh In On New Fortress Energy

Large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. bought a new stake in shares of New Fortress Energy during the second quarter valued at approximately $25,000. Denali Advisors LLC boosted its position in shares of New Fortress Energy by 84.8% during the third quarter. Denali Advisors LLC now owns 608 shares of the company’s stock valued at $27,000 after purchasing an additional 279 shares in the last quarter. American International Group Inc. boosted its position in shares of New Fortress Energy by 49.5% during the second quarter. American International Group Inc. now owns 752 shares of the company’s stock valued at $30,000 after purchasing an additional 249 shares in the last quarter. Signaturefd LLC purchased a new position in New Fortress Energy during the first quarter valued at $31,000. Finally, Krane Funds Advisors LLC purchased a new position in shares of New Fortress Energy in the first quarter worth $31,000. 67.76% of the stock is currently owned by institutional investors.

About New Fortress Energy

(Get Rating)

New Fortress Energy Inc operates as an integrated gas-to-power 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.

Read More

The Fly logo

Analyst Recommendations for New Fortress Energy (NASDAQ:NFE)

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.