Shares of New Fortress Energy Inc. (NASDAQ:NFE – Get Free Report) have earned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $38.57.
A number of brokerages recently weighed in on NFE. Stifel Nicolaus cut their price target on shares of New Fortress Energy from $49.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $35.00 target price (down from $40.00) on shares of New Fortress Energy in a research note on Monday, March 4th. Finally, Barclays lowered their price target on shares of New Fortress Energy from $32.00 to $27.00 and set an “equal weight” rating on the stock in a report on Monday.
Read Our Latest Stock Report on NFE
Institutional Trading of New Fortress Energy
New Fortress Energy Price Performance
NFE opened at $26.49 on Thursday. The firm’s fifty day moving average price is $29.61 and its two-hundred day moving average price is $32.81. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 10.00 and a beta of 1.56. The company has a debt-to-equity ratio of 3.66, a current ratio of 0.57 and a quick ratio of 0.51. New Fortress Energy has a 1 year low of $25.06 and a 1 year high of $40.04.
New Fortress Energy (NASDAQ:NFE – Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. New Fortress Energy had a net margin of 22.70% and a return on equity of 36.16%. The business had revenue of $758.60 million during the quarter, compared to the consensus estimate of $647.54 million. During the same period in the prior year, the firm posted $0.87 EPS. The firm’s quarterly revenue was up 38.8% compared to the same quarter last year. As a group, analysts anticipate that New Fortress Energy will post 2.97 earnings per share for the current fiscal year.
New Fortress Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.51%. New Fortress Energy’s payout ratio is 15.09%.
About New Fortress Energy
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.
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