New Fortress Energy (NASDAQ:NFE) Price Target Lowered to $19.00 at Stifel Nicolaus

New Fortress Energy (NASDAQ:NFE) had its price objective lowered by Stifel Nicolaus from $23.00 to $19.00 in a research report released on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other research firms have also issued reports on NFE. 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. Morgan Stanley reduced their price objective on shares of New Fortress Energy from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.60.

New Fortress Energy Stock Down 6.3 %

NASDAQ NFE opened at $9.69 on Tuesday. The company’s 50 day simple moving average is $13.48 and its 200 day simple moving average is $11.58. New Fortress Energy has a 12 month low of $7.82 and a 12 month high of $34.40. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.38 and a quick ratio of 0.35. The company has a market capitalization of $2.64 billion, a P/E ratio of 10.65 and a beta of 1.58.

New Fortress Energy (NASDAQ:NFE) last posted its quarterly earnings data on Monday, March 3rd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. The business had revenue of $679.00 million for the quarter, compared to analyst estimates of $613.24 million. New Fortress Energy had a return on equity of 15.60% and a net margin of 7.84%. Equities research analysts expect that New Fortress Energy will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On New Fortress Energy

A number of large investors have recently bought and sold shares of NFE. Stifel Financial Corp bought a new stake in shares of New Fortress Energy in the 3rd quarter valued at about $990,000. Redwood Wealth Management Group LLC acquired a new position in New Fortress Energy during the 4th quarter valued at about $749,000. Y Intercept Hong Kong Ltd purchased a new position in New Fortress Energy during the 4th quarter worth $1,252,000. GSG Advisors LLC bought a new position in shares of New Fortress Energy during the 4th quarter worth approximately $605,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of New Fortress Energy during the 4th quarter worth $8,316,000. 58.61% of the stock is currently owned by institutional investors and hedge funds.

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.