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New Fortress Energy (NFE)
NASDAQ:NFE
New Fortress Energy (NFE) Stock Price & Analysis
602 Followers
NFE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$19.03 - $40.04
Previous Close$20.34
Volume2.14M
Average Volume (3M)2.37M
Market Cap
$4.17B
Enterprise Value$11.18B
Total Cash (Recent Filing)$143.46M
Total Debt (Recent Filing)$7.03B
Price to Earnings (P/E)9.3
Beta0.99
Next Earnings
Aug 09, 2024EPS Estimate
$0.09Last Dividend Ex-Date
Jun 14, 2024Dividend Yield1.94%
Share Statistics
EPS (TTM)2.19
Shares Outstanding205,063,510
10 Day Avg. Volume1,989,475
30 Day Avg. Volume2,369,597
Standard Deviation0.20
R-Squared0.16
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)5.43
Price to Sales (P/S)1.82
Price to Cash Flow (P/CF)3.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.43
Enterprise Value/Gross Profit8.45
Enterprise Value/Ebitda11.66
Forecast
1Y Price Target
$33.33Price Target Upside65.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
New Fortress Energy News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceLNG production at NFE's first unit should allow the company to free up some liquidity which could be used to help refinance existing debt and has unlocked ~$700M of financing for FLNG #2.
LNG ProductionNFE's FLNG #1 finally started commercial LNG production which should see the unit's first cargo shipped later this quarter.
Operational EfficiencyWith FLNG #1 up and running, it should provide an incremental ~$400M liquidity which should drive ~$150M in annual cost savings.
Bears Say
Contract And Volume GrowthUncertainty around volumes growth into Puerto Rico in the aftermath of the FEMA contract cancellation and reset raises concerns.
EarningsExpectation of a narrowing spread between natural gas and diesel prices drives a significant downward revision to the EBITDA estimate.
Project DelaysSeveral tropical weather events have caused delays in the development of the asset, resulting in several weeks' worth of setbacks.
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Ownership Overview
62.12% Insiders
20.85% Mutual Funds
7.79% Other Institutional Investors
9.24% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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NFE FAQ
What was New Fortress Energy’s price range in the past 12 months?
New Fortress Energy lowest stock price was $19.02 and its highest was $40.04 in the past 12 months.
What is New Fortress Energy’s market cap?
Currently, no data Available
When is New Fortress Energy’s upcoming earnings report date?
New Fortress Energy’s upcoming earnings report date is Aug 09, 2024 which is in 13 days.
How were New Fortress Energy’s earnings last quarter?
New Fortress Energy released its earnings results on May 08, 2024. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.613 by -$0.353.
Is New Fortress Energy overvalued?
According to Wall Street analysts New Fortress Energy’s price is currently Undervalued.
Does New Fortress Energy pay dividends?
New Fortress Energy pays a Notavailable dividend of $0.1 which represents an annual dividend yield of 1.94%. See more information on New Fortress Energy dividends here
What is New Fortress Energy’s EPS estimate?
New Fortress Energy’s EPS estimate is $0.09.
How many shares outstanding does New Fortress Energy have?
New Fortress Energy has 205,063,500 shares outstanding.
What happened to New Fortress Energy’s price movement after its last earnings report?
New Fortress Energy reported an EPS of $0.26 in its last earnings report, missing expectations of $0.613. Following the earnings report the stock price went up 1.423%.
Which hedge fund is a major shareholder of New Fortress Energy?
Among the largest hedge funds holding New Fortress Energy’s share is Fortress Investment Group LLC. It holds New Fortress Energy’s shares valued at 410M.
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New Fortress Energy Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$33.33 (65.25% Upside)
$33.33 (65.25% Upside)
Blogger Sentiment
Bullish
NFE Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 1.2M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.3%
Last 30 Days ▲ 7.0%
Last 30 Days ▲ 7.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-27.63%
12-Months-Change
Fundamentals
Return on Equity
29.46%
Trailing 12-Months
Asset Growth
32.30%
Trailing 12-Months
Company Description
New Fortress Energy
New Fortress Energy LLC engages in the provision of energy infrastructure and development services. It specializes in the fields of power, infrastructure, transportation and liquefied natural gas (LNG). Its LNG production and delivery model includes liquefaction, logistics, shipping and terminals. The company was founded by Wesley Robert Edens in 2014 and is headquartered in New York, NY.
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NFE Company Deck
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NFE Earnings Call
Q1 2024
0:00 / 0:00
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NFE Stock 12 Month Forecast
Average Price Target
$33.33
▲(65.25% Upside)
Technical Analysis
Brookfield Renewable Partners
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Brookfield Renewable
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Clearway Energy
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Clearway Energy
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Best Analysts Covering NFE
1 Year
1 Year Success Rate
7/15 ratings generated profit
1 Year Average Return
+21.82%
reiterated a buy rating 3 months ago
Copying Devin McDermott's trades and holding each position for 1 Year would result in 46.67% of your transactions generating a profit, with an average return of +21.82% per trade.
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