New Fortress Energy (NASDAQ:NFE – Get Free Report) is projected to release its earnings data before the market opens on Thursday, March 6th. Analysts expect New Fortress Energy to post earnings of $0.06 per share and revenue of $613.24 million for the quarter.
New Fortress Energy Stock Down 3.0 %
New Fortress Energy stock opened at $10.18 on Thursday. The company has a market capitalization of $2.78 billion, a PE ratio of 11.19 and a beta of 1.49. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.35 and a current ratio of 0.38. New Fortress Energy has a fifty-two week low of $7.82 and a fifty-two week high of $35.58. The firm has a 50 day moving average price of $13.95 and a 200 day moving average price of $11.74.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on New Fortress Energy from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Deutsche Bank Aktiengesellschaft upgraded New Fortress Energy from a “sell” rating to a “hold” rating and set a $11.00 target price for the company in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, New Fortress Energy currently has a consensus rating of “Hold” and an average price target of $15.40.
About New Fortress Energy
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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