New Fortress Energy (NASDAQ:NFE – Get Free Report) released its quarterly earnings data on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.07, Zacks reports. New Fortress Energy had a net margin of 7.84% and a return on equity of 15.60%. The business had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $613.24 million.
New Fortress Energy Trading Down 10.9 %
NASDAQ:NFE opened at $8.92 on Tuesday. The business’s 50-day simple moving average is $13.75 and its 200 day simple moving average is $11.63. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 9.80 and a beta of 1.49. New Fortress Energy has a one year low of $7.82 and a one year high of $34.40. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.35 and a current ratio of 0.38.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on New Fortress Energy from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft upgraded New Fortress Energy from a “sell” rating to a “hold” rating and set a $11.00 price target on the stock in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, New Fortress Energy currently has a consensus rating of “Hold” and an average price target of $15.40.
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.
Further Reading
- Five stocks we like better than New Fortress Energy
- How to invest in marijuana stocks in 7 steps
- Rocket Lab’s Plunge: Buy the Dip or Watch from the Sidelines?
- What is a Low P/E Ratio and What Does it Tell Investors?
- Mediterranean Growth Monster: CAVA Keeps Surging—Buy the Dip?
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Is the S&P 500 Ready to Rally? A $1.8M Bet on SPY Says Yes
Receive News & Ratings for New Fortress Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Fortress Energy and related companies with MarketBeat.com's FREE daily email newsletter.
