In a report released on May 10, Benjamin Nolan from Stifel Nicolaus maintained a Buy rating on New Fortress Energy (NFE – Research Report), with a price target of $43.00. The company’s shares closed last Friday at $26.93.
According to TipRanks, Nolan is a top 100 analyst with an average return of 20.6% and a 67.36% success rate. Nolan covers the Industrials sector, focusing on stocks such as Norfolk Southern, Union Pacific, and Genco Shipping.
Currently, the analyst consensus on New Fortress Energy is a Moderate Buy with an average price target of $37.25.
The company has a one-year high of $39.81 and a one-year low of $24.75. Currently, New Fortress Energy has an average volume of 1.49M.
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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.
