New Fortress Energy LLC (NASDAQ:NFE) Given Consensus Rating of “Hold” by Brokerages

New Fortress Energy LLC (NASDAQ:NFE) has earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $7.8750.

Several research analysts recently issued reports on the company. Zacks Research lowered New Fortress Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Weiss Ratings restated a “sell (d)” rating on shares of New Fortress Energy in a research note on Monday, December 29th.

New Fortress Energy Stock Performance

NFE stock opened at $1.26 on Friday. New Fortress Energy has a one year low of $0.98 and a one year high of $16.66. The firm has a market cap of $358.53 million, a price-to-earnings ratio of -0.33 and a beta of 1.05. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.15 and a current ratio of 0.17. The firm has a 50-day simple moving average of $1.24 and a two-hundred day simple moving average of $2.13.

New Fortress Energy (NASDAQ:NFE) last announced its earnings results on Wednesday, June 18th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $679.00 million during the quarter. New Fortress Energy had a negative net margin of 72.92% and a negative return on equity of 43.91%. On average, equities analysts forecast that New Fortress Energy will post 0.36 EPS for the current fiscal year.

Institutional Trading of New Fortress Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFE. Wealth Enhancement Advisory Services LLC purchased a new stake in New Fortress Energy during the 4th quarter valued at about $26,000. Savant Capital LLC purchased a new stake in shares of New Fortress Energy in the 3rd quarter valued at $28,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of New Fortress Energy in the third quarter worth $29,000. IFP Advisors Inc increased its stake in shares of New Fortress Energy by 166.3% in the second quarter. IFP Advisors Inc now owns 9,072 shares of the company’s stock worth $30,000 after acquiring an additional 5,665 shares during the period. Finally, one8zero8 LLC purchased a new position in shares of New Fortress Energy during the third quarter worth $31,000. Institutional investors and hedge funds own 58.61% of the company’s stock.

About New Fortress Energy

New Fortress Energy is an integrated global energy infrastructure company focused on the development, construction and operation of natural gas-to-power projects and liquefied natural gas (LNG) terminals. The company sources LNG and delivers it via a network of floating storage and regasification units (FSRUs), onshore regasification terminals, and small-scale LNG carriers. By providing reliable natural gas supply solutions, New Fortress Energy aims to displace higher-carbon fuels in power generation, industrial and marine sectors.

The company’s core activities include the design, development and operation of FSRUs and onshore regasification terminals that convert cryogenic LNG back to gas for delivery into domestic transmission networks.