New Fortress Energy Inc. (NASDAQ:NFE – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $38.00.
Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of New Fortress Energy from $33.00 to $26.00 and set a “hold” rating on the stock in a research note on Tuesday, July 23rd. Stifel Nicolaus lowered their price objective on shares of New Fortress Energy from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, Barclays lowered their price objective on shares of New Fortress Energy from $32.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Monday, May 6th.
Hedge Funds Weigh In On New Fortress Energy
New Fortress Energy Stock Performance
NASDAQ NFE opened at $19.54 on Tuesday. New Fortress Energy has a 1 year low of $19.02 and a 1 year high of $40.04. The company has a debt-to-equity ratio of 3.74, a current ratio of 0.66 and a quick ratio of 0.54. The stock has a market capitalization of $4.01 billion, a PE ratio of 8.88 and a beta of 1.49. The company’s 50 day simple moving average is $22.41 and its two-hundred day simple moving average is $27.69.
New Fortress Energy (NASDAQ:NFE – Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.07. New Fortress Energy had a net margin of 17.90% and a return on equity of 31.34%. The business had revenue of $690.30 million for the quarter, compared to analysts’ expectations of $602.41 million. During the same period in the prior year, the company posted $0.90 EPS. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. Analysts predict that New Fortress Energy will post 2.03 earnings per share for the current fiscal year.
New Fortress Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Saturday, June 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Friday, June 14th. New Fortress Energy’s dividend payout ratio (DPR) is currently 18.18%.
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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