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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NFE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NFE, but not buy additional shares or sell existing shares.
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7 Wall Street research analysts have issued 12-month price objectives for New Fortress Energy's stock. Their NFE share price targets range from $31.00 to $45.00. On average, they expect the company's stock price to reach $39.29 in the next twelve months. This suggests a possible upside of 41.8% from the stock's current price.
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New Fortress Energy's stock was trading at $37.73 at the beginning of 2024. Since then, NFE shares have decreased by 26.6% and is now trading at $27.71.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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New Fortress Energy will be holding an earnings conference call on Wednesday, May 8th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

New Fortress Energy Inc. (NASDAQ:NFE) announced its quarterly earnings results on Thursday, February, 29th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. The business earned $758.60 million during the quarter, compared to analyst estimates of $647.54 million. New Fortress Energy had a trailing twelve-month return on equity of 36.16% and a net margin of 22.70%. New Fortress Energy's revenue was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 EPS.

New Fortress Energy announced a quarterly dividend on Thursday, February 29th. Investors of record on Friday, March 15th will be paid a dividend of $0.10 per share on Wednesday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for NFE.

New Fortress Energy (NASDAQ:NFE) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.41%. The dividend payout ratio is 15.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NFE will have a dividend payout ratio of 8.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NFE.

ETFs with the largest weight of New Fortress Energy (NASDAQ:NFE) stock in their portfolio include Ecofin U.S. Renewables Infrastructure Trust (RNEW), Clough Select Equity ETF (CBSE), Pacer American Energy Independence ETF (USAI), Clough Long/Short Equity ETF (CBLS), InfraCap Equity Income Fund ETF (ICAP), Goldman Sachs ETF Trust Goldman (GPOW), InfraCap MLP ETF (AMZA) and KraneShares Global Carbon Transformation ETF (KGHG).

2 employees have rated New Fortress Energy Chief Executive Officer Wesley Edens on Glassdoor.com. Wesley Edens has an approval rating of 100% among the company's employees. This puts Wesley Edens in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other New Fortress Energy investors own include Coty (COTY), Designer Brands (DBI), Energy Transfer (ET), Kohl's (KSS), Pfizer (PFE), AT&T (T), Tapestry (TPR), Tesla (TSLA), WW International (WW) and AbbVie (ABBV).

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 served as the underwriters for the IPO and Evercore ISI, Allen & Company, JMP Securities and Stifel were co-managers.

New Fortress Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%). Insiders that own company stock include Desmond Iain Catterall, Energy Transition Holdings Llc, John J Mack, Katherine Wanner, Larry M Hutchison, Nfe Smrs Holdings Llc, Robert A Katz and Timothy W Jay.
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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.
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