New Fortress Energy Inc. (NASDAQ:NFE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of New Fortress Energy Inc. (NASDAQ:NFE) have earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $39.17.

NFE has been the topic of several analyst reports. Barclays decreased their price target on 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. Stifel Nicolaus decreased their price target on 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, Deutsche Bank Aktiengesellschaft decreased their price target on New Fortress Energy from $35.00 to $33.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th.

New Fortress Energy Trading Up 0.6 %

Shares of New Fortress Energy stock opened at $21.11 on Friday. New Fortress Energy has a 52-week low of $20.45 and a 52-week high of $40.04. The stock’s 50-day simple moving average is $24.90 and its 200 day simple moving average is $30.25. The stock has a market capitalization of $4.33 billion, a P/E ratio of 9.60 and a beta of 1.50. The company has a debt-to-equity ratio of 3.74, a quick ratio of 0.54 and a current ratio of 0.66.

New Fortress Energy (NASDAQ:NFE) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. New Fortress Energy had a return on equity of 31.34% and a net margin of 17.90%. 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 previous year, the business posted $0.90 EPS. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. As a group, research analysts anticipate that New Fortress Energy will post 1.99 EPS for the current year.

New Fortress Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Saturday, June 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, June 14th. New Fortress Energy’s payout ratio is 18.18%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. M&G Investment Management Ltd. boosted its stake in New Fortress Energy by 70.3% in the fourth quarter. M&G Investment Management Ltd. now owns 1,537,323 shares of the company’s stock worth $58,418,000 after buying an additional 634,851 shares in the last quarter. Electron Capital Partners LLC boosted its stake in New Fortress Energy by 9.4% in the fourth quarter. Electron Capital Partners LLC now owns 1,322,340 shares of the company’s stock worth $49,892,000 after buying an additional 113,835 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in New Fortress Energy in the fourth quarter worth approximately $4,207,000. Dimensional Fund Advisors LP boosted its stake in New Fortress Energy by 21.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,024,178 shares of the company’s stock worth $38,647,000 after buying an additional 179,293 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in New Fortress Energy in the fourth quarter worth approximately $3,021,000. Hedge funds and other institutional investors own 58.61% of the company’s stock.

New Fortress Energy Company Profile

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.