BTIG analyst Gregory Lewis maintained a Buy rating on New Fortress Energy (NFE – Research Report) yesterday and set a price target of $48.00. The company’s shares closed last Friday at $37.73.
Lewis covers the Energy sector, focusing on stocks such as Frontline, Scorpio Tankers, and Transocean. According to TipRanks, Lewis has an average return of -1.2% and a 47.42% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for New Fortress Energy with a $43.60 average price target, which is a 15.56% upside from current levels. In a report released on December 28, Stifel Nicolaus also maintained a Buy rating on the stock with a $49.00 price target.
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NFE market cap is currently $7.74B and has a P/E ratio of 19.84.
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New Fortress Energy (NFE) Company Description:
New Fortress Energy LLC engages in the provision of energy infrastructure and development services. It specializes in the fields of power, infrastructure, transportation and liquefied natural gas (LNG). Its LNG production and delivery model includes liquefaction, logistics, shipping and terminals. The company was founded by Wesley Robert Edens in 2014 and is headquartered in New York, NY.
Read More on NFE:
- New Fortress Energy adds 1.6GW capacity reserve contract
- New Fortress Energy initiated with an Equalweight at Capital One
- New Fortress Energy price target raised to $46 from $40 at Stifel
- New Fortress Energy reports Q3 adjusted EPS 30c, consensus 43c
- New Fortress Energy charters Petrobras’ FSRU Energos Winter starting December 20
