New Fortress Energy (NASDAQ:NFE) Reaches New 1-Year Low at $20.99

New Fortress Energy Inc. (NASDAQ:NFEGet Free Report) reached a new 52-week low on Monday . The company traded as low as $20.99 and last traded at $21.07, with a volume of 1053969 shares. The stock had previously closed at $22.05.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stifel Nicolaus cut their price target on New Fortress Energy from $45.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of New Fortress Energy from $35.00 to $33.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Finally, Barclays decreased their target price on shares of 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, New Fortress Energy currently has an average rating of “Moderate Buy” and an average target price of $39.17.

View Our Latest Stock Analysis on NFE

New Fortress Energy Trading Down 3.4 %

The firm has a market capitalization of $4.37 billion, a PE ratio of 9.60 and a beta of 1.51. The firm has a fifty day moving average of $26.21 and a 200 day moving average of $31.22. 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:NFEGet Free Report) last posted 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. The company had revenue of $690.30 million for the quarter, compared to analyst estimates of $602.41 million. New Fortress Energy had a net margin of 17.90% and a return on equity of 31.34%. The business’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 earnings per share. Equities research analysts expect that New Fortress Energy Inc. will post 2.07 EPS for the current year.

New Fortress Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Saturday, June 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.88%. New Fortress Energy’s dividend payout ratio is currently 18.18%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. M&G Investment Management Ltd. raised its stake in shares of New Fortress Energy by 70.3% in the 4th quarter. M&G Investment Management Ltd. now owns 1,537,323 shares of the company’s stock valued at $58,418,000 after purchasing an additional 634,851 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in New Fortress Energy by 21.2% during the 4th 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 during the last quarter. Nomura Holdings Inc. acquired a new position in shares of New Fortress Energy in the 4th quarter worth approximately $4,207,000. Mackenzie Financial Corp bought a new stake in shares of New Fortress Energy in the 4th quarter valued at approximately $3,021,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of New Fortress Energy by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 408,137 shares of the company’s stock valued at $15,399,000 after acquiring an additional 16,172 shares in the last quarter. Hedge funds and other institutional investors own 58.61% of the company’s stock.

About New Fortress Energy

(Get Free Report)

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.

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