New Fortress Energy - NFE Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NFE shares.
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6 brokerages have issued 12 month target prices for New Fortress Energy's stock. Their NFE share price forecasts range from $49.00 to $73.00. On average, they predict the company's share price to reach $62.14 in the next year. This suggests a possible upside of 7.9% from the stock's current price.
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New Fortress Energy's stock was trading at $24.14 on January 1st, 2022. Since then, NFE stock has increased by 138.5% and is now trading at $57.57.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our NFE earnings forecast.

New Fortress Energy Inc. (NASDAQ:NFE) issued its quarterly earnings results on Wednesday, August, 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.08. The company earned $584.86 million during the quarter, compared to the consensus estimate of $654.41 million. New Fortress Energy had a trailing twelve-month return on equity of 29.67% and a net margin of 10.26%.

New Fortress Energy announced a quarterly dividend on Wednesday, August 3rd. Investors of record on Wednesday, September 7th will be paid a dividend of $0.10 per share on Wednesday, September 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Tuesday, September 6th.
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 0.70%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NFE will have a dividend payout ratio of 8.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NFE.

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).

(NFE) raised $300 million in an 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 trades on the NASDAQ under the ticker symbol "NFE."

New Fortress Energy's stock is owned by a variety of institutional and retail investors. Top institutional investors include William Blair Investment Management LLC (2.02%), FMR LLC (1.15%), Encompass Capital Advisors LLC (1.04%), State Street Corp (0.31%), Prudential Financial Inc. (0.14%) and abrdn plc (0.14%). Insiders that own company stock include C William Griffin, John J Mack, John J Mack, Katherine Wanner, Larry M Hutchison, Nfe Smrs Holdings Llc and Robert A Katz.
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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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NFE stock can currently be purchased for approximately $57.57.

New Fortress Energy (NASDAQ:NFE) has a market capitalization of $11.91 billion and generates $1.32 billion in revenue each year. The company earns $97.10 million in net income (profit) each year or $0.99 on an earnings per share basis.

The company employs 671 workers across the globe.

New Fortress Energy's mailing address is 111 W. 19TH STREET 8TH FLOOR, NEW YORK NY, 10011. The official website for the company is www.newfortressenergy.com. The company can be reached via phone at (516) 268-7400 or via email at ir@newfortressenergy.com.