BTIG analyst Gregory Lewis maintained a Buy rating on New Fortress Energy (NFE – Research Report) on January 5 and set a price target of $48.00. The company’s shares closed last Friday at $36.39.
Lewis covers the Energy sector, focusing on stocks such as Frontline, Scorpio Tankers, and Transocean. According to TipRanks, Lewis has an average return of -1.4% and a 45.27% 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, representing a 19.81% upside. In a report released on January 1, Stifel Nicolaus also maintained a Buy rating on the stock with a $49.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
Based on New Fortress Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $514.46 million and a net profit of $61.22 million. In comparison, last year the company earned a revenue of $731.93 million and had a net profit of $61.85 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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:
