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New Fortress Energy (NFE)
NASDAQ:NFE
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NFE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$12.63 - $40.04
Previous Close$13.5
Volume3.90M
Average Volume (3M)3.06M
Market Cap
$2.77B
Enterprise Value$10.39B
Total Cash (Recent Filing)$132.96M
Total Debt (Recent Filing)$7.63B
Price to Earnings (P/E)11.9
Beta0.93
Next Earnings
Nov 06, 2024EPS Estimate
$0.11Next Dividend Ex-Date
Sep 13, 2024Dividend Yield2.87%
Share Statistics
EPS (TTM)1.17
Shares Outstanding205,067,047
10 Day Avg. Volume6,296,392
30 Day Avg. Volume3,063,283
Standard Deviation0.20
R-Squared0.15
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)4.81
Price to Sales (P/S)6.25
Price to Cash Flow (P/CF)7.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.35
Enterprise Value/Gross Profit7.85
Enterprise Value/Ebitda16.84
Forecast
1Y Price Target
$25.80Price Target Upside97.70% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
New Fortress Energy News
Bulls Say, Bears Say
Bulls Say
Asset PerformanceNFE's FLNG asset is performing well as expected.
Liquidity ImprovementWith FLNG #1 up and running, it should provide an incremental ~$400M liquidity which should drive ~$150M in annual cost savings.
Regulatory ApprovalThe Puerto Rico Energy Bureau (PREB) approved the installation of 10 new natural gas turbines that will be deployed across five power plants, for a total nameplate capacity of 244 MW.
Bears Say
Credit RatingNFE's credit rating was downgraded from BB- to B+.
Earnings EstimateExpectation of a narrowing spread between natural gas and diesel prices drives a ~24% downward revision to the 2025 EBITDA estimate.
Political/Public Policy RisksCertain language in the official filing gives cause for concern around potential political/public policy risks that exist for natural gas related projects.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
NFE FAQ
What was New Fortress Energy’s price range in the past 12 months?
New Fortress Energy lowest stock price was $12.63 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 Nov 06, 2024 which is in 74 days.
How were New Fortress Energy’s earnings last quarter?
New Fortress Energy released its earnings results on Aug 09, 2024. The company reported -$0.44 earnings per share for the quarter, missing the consensus estimate of $0.038 by -$0.478.
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 2.87%. See more information on New Fortress Energy dividends here
What is New Fortress Energy’s EPS estimate?
New Fortress Energy’s EPS estimate is $0.11.
How many shares outstanding does New Fortress Energy have?
New Fortress Energy has 205,067,050 shares outstanding.
What happened to New Fortress Energy’s price movement after its last earnings report?
New Fortress Energy reported an EPS of -$0.44 in its last earnings report, missing expectations of $0.038. Following the earnings report the stock price went down -23.619%.
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 295M.
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New Fortress Energy Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$25.80 (97.70% Upside)
$25.80 (97.70% Upside)
Blogger Sentiment
Bullish
NFE Sentiment 100%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Increased
By 3.5M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.8%
Last 30 Days ▲ 9.1%
Last 30 Days ▲ 9.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-51.03%
12-Months-Change
Fundamentals
Return on Equity
15.90%
Trailing 12-Months
Asset Growth
24.88%
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
Q2 2024
0:00 / 0:00
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NFE Stock 12 Month Forecast
Average Price Target
$25.80
▲(97.70% Upside)
Technical Analysis
Suburban Propane
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WEC Energy Group
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Public Service Enterprise
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American Electric Power
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Best Analysts Covering NFE
1 Year
1 Year Success Rate
7/16 ratings generated profit
1 Year Average Return
+11.75%
reiterated a buy rating 25 days ago
Copying Devin McDermott's trades and holding each position for 1 Year would result in 43.75% of your transactions generating a profit, with an average return of +11.75% per trade.
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