Could New Fortress Energy Inc (NFE) stock price achieve new all-time highs if its expected earnings and revenue increase?

In yesterday’s Wall Street session, New Fortress Energy Inc (NASDAQ:NFE) shares traded at $33.69, up 4.53% from the previous session.

As of this writing, 11 analysts cover New Fortress Energy Inc (NASDAQ:NFE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $32.00, we find $43.50. Given the previous closing price of $32.23, this indicates a potential upside of 34.97 percent. NFE stock price is now 7.51% away from the 50-day moving average and 9.49% away from the 200-day moving average. The market capitalization of the company currently stands at $6.91B.

There are 4 analysts who have given it a hold rating, whereas 7 have given it a buy rating. Brokers who have rated the stock have averaged $45.10 as their price target over the next twelve months.

With the price target reduced from $59 to $31, BofA Securities Downgraded its rating from Buy to Neutral for New Fortress Energy Inc (NASDAQ: NFE).

In other news, Catterall Desmond Iain, Director bought 4,734 shares of the company’s stock on May 26. The stock was bought for $125,640 at an average price of $26.54. Upon completion of the transaction, the Director now directly owns 4,734 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24, Director Jay Timothy W. bought 2,000 shares of the business’s stock. A total of $55,700 was incurred on buying the stock at an average price of $27.85. This leaves the insider owning 32,221 shares of the company worth $1.09 million. Insiders disposed of 6,956,742 shares of company stock worth roughly $234.37 million over the past 1 year. A total of 48.83% of the company’s stock is owned by insiders.

Thursday morning saw New Fortress Energy Inc (NASDAQ: NFE) opened at $32.65. During the past 12 months, New Fortress Energy Inc has had a low of $25.06 and a high of $54.65. As of last week, the company has a debt-to-equity ratio of 4.21, a current ratio of 0.34, and a quick ratio of 0.28. The fifty day moving average price for NFE is $31.34 and a two-hundred day moving average price translates $30.77 for the stock.

The latest earnings results from New Fortress Energy Inc (NASDAQ: NFE) was released for Sep, 2023. According to the Utilities – Regulated Gas Company, earnings per share came in at $0.58, beating analysts’ expectations of $0.48 by 0.1. This compares to -$0.81 EPS in the same period last year. The net profit margin was 16.35% and return on equity was 24.03% for NFE. The company reported revenue of $561.35 million for the quarter, compared to $584.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.02 percent. For the current quarter, analysts expect NFE to generate $499.56M in revenue.

New Fortress Energy Inc(NFE) Company Profile

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. The Ships segment offers floating storage and regasification units (FRSU), and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; FRSU in Sergipe, Brazil; and LNG receiving facility in La Paz, Mexico, as well as Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.

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