New Fortress Energy LLC (NASDAQ:NFE) Given Consensus Rating of “Hold” by Analysts

New Fortress Energy LLC (NASDAQ:NFE) has received an average recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $7.8750.

A number of research firms recently issued reports on NFE. Capital One Financial restated an “underweight” rating on shares of New Fortress Energy in a research report on Monday, September 8th. Compass Point began coverage on New Fortress Energy in a research note on Tuesday, July 1st. They set a “buy” rating and a $8.50 price objective for the company. BTIG Research cut New Fortress Energy from a “buy” rating to a “neutral” rating in a report on Thursday, June 26th. Johnson Rice lowered New Fortress Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $7.00 to $4.00 in a report on Wednesday, August 13th. Finally, Zacks Research upgraded New Fortress Energy to a “hold” rating in a research report on Monday, August 11th.

New Fortress Energy Price Performance

Shares of NASDAQ:NFE opened at $2.46 on Wednesday. New Fortress Energy has a twelve month low of $1.26 and a twelve month high of $16.66. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 5.77. The company has a market cap of $699.99 million, a PE ratio of -0.64 and a beta of 1.26. The company’s 50 day moving average is $2.41 and its 200 day moving average is $3.92.

New Fortress Energy (NASDAQ:NFE) last announced its quarterly earnings data on Saturday, September 13th. The company reported ($2.02) EPS for the quarter, missing the consensus estimate of ($0.64) by ($1.38). New Fortress Energy had a negative net margin of 48.94% and a negative return on equity of 22.72%. The business’s revenue was down 29.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.41) EPS. On average, sell-side analysts forecast that New Fortress Energy will post 0.36 EPS for the current year.

Institutional Trading of New Fortress Energy

Institutional investors have recently made changes to their positions in the company. US Bancorp DE raised its stake in New Fortress Energy by 81.7% in the 1st quarter. US Bancorp DE now owns 8,534 shares of the company’s stock valued at $71,000 after purchasing an additional 3,838 shares during the last quarter. CWM LLC lifted its stake in shares of New Fortress Energy by 46.9% in the first quarter. CWM LLC now owns 9,065 shares of the company’s stock worth $75,000 after buying an additional 2,895 shares in the last quarter. IFP Advisors Inc boosted its position in New Fortress Energy by 166.3% during the second quarter. IFP Advisors Inc now owns 9,072 shares of the company’s stock worth $30,000 after acquiring an additional 5,665 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in New Fortress Energy during the 2nd quarter valued at about $33,000. Finally, MQS Management LLC purchased a new stake in New Fortress Energy during the 2nd quarter valued at about $33,000. 58.61% of the stock is owned by institutional investors and hedge funds.

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.