New Fortress Energy LLC (NASDAQ:NFE) Receives Average Rating of “Hold” from Analysts

New Fortress Energy LLC (NASDAQ:NFE) has been given an average rating of “Hold” by the nine brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $7.8750.

Several equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of New Fortress Energy in a research note on Tuesday, October 14th. Capital One Financial reissued an “underweight” rating on shares of New Fortress Energy in a research note on Monday, September 8th. Finally, Zacks Research lowered shares of New Fortress Energy from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th.

Institutional Investors Weigh In On New Fortress Energy

Several institutional investors have recently added to or reduced their stakes in NFE. Savant Capital LLC acquired a new position in shares of New Fortress Energy in the 3rd quarter valued at $28,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of New Fortress Energy in the 3rd quarter valued at $29,000. IFP Advisors Inc grew its stake in shares of New Fortress Energy by 166.3% in the 2nd quarter. IFP Advisors Inc now owns 9,072 shares of the company’s stock valued at $30,000 after purchasing an additional 5,665 shares during the last quarter. one8zero8 LLC acquired a new position in New Fortress Energy in the 3rd quarter valued at $31,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of New Fortress Energy in the second quarter valued at about $33,000. Hedge funds and other institutional investors own 58.61% of the company’s stock.

New Fortress Energy Trading Up 1.7%

NASDAQ NFE opened at $1.21 on Monday. The firm has a market cap of $344.31 million, a PE ratio of -0.32 and a beta of 1.11. New Fortress Energy has a 52 week low of $0.98 and a 52 week high of $16.66. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.08. The company has a 50 day moving average price of $1.40 and a 200 day moving average price of $2.28.

New Fortress Energy (NASDAQ:NFE) last posted its quarterly earnings results on Wednesday, June 18th. The company reported $0.13 earnings per share for the quarter. The business had revenue of $679.00 million for the quarter. New Fortress Energy had a negative return on equity of 43.91% and a negative net margin of 72.92%. As a group, sell-side analysts forecast that New Fortress Energy will post 0.36 EPS for the current fiscal year.

New Fortress Energy Company Profile

New Fortress Energy is an integrated global energy infrastructure company focused on the development, construction and operation of natural gas-to-power projects and liquefied natural gas (LNG) terminals. The company sources LNG and delivers it via a network of floating storage and regasification units (FSRUs), onshore regasification terminals, and small-scale LNG carriers. By providing reliable natural gas supply solutions, New Fortress Energy aims to displace higher-carbon fuels in power generation, industrial and marine sectors.

The company’s core activities include the design, development and operation of FSRUs and onshore regasification terminals that convert cryogenic LNG back to gas for delivery into domestic transmission networks.