After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for New Fortress Energy Inc. (NFE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.33, or -1.09%, to $29.96. The New Fortress Energy Inc. has recorded 31,183 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Golar LNG Partners LP Series A Preferred Cash Distribution.
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Stocks Info
The company is listed on the NASDAQ and operates within the Utilities – Regulated Gas industry segment. At the end of the last regular session, the stock closed at $30.29 and fluctuated between $30.76 as its day high and $29.50 as its day low. The current market capitalization of New Fortress Energy Inc. is $6.09B. A total of 0.84 million shares were traded on the day, compared to an average of 1.49M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, NFE has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 84,676 and the disposition of 45,942 shares. Over the last 12 months, there were 9 BUYs and 9 SELLs from insiders. Insiders purchased 228,396 shares during that period but sold 7,069,308.
In the most recent transaction, Wilkinson Matthew sold 4,000 shares of NFE for 42.28 per share on Dec 30. After the transaction, the Director now owns 46,907 company shares. In a previous transaction on Dec 29, Wilkinson Matthew sold 6,800 shares at 41.94 per share. NFE shares that Director owns now total 50,907.
Among the insiders who bought shares, Griffin C. William acquired of 10,000 shares on Dec 28 at a per-share price of $41.06. This resulted in the Director holding 344,805 shares of NFE after the transaction. In another insider transaction, Wanner Katherine bought 3,370 shares at $41.79 per share on Dec 22. Company shares held by the Director now total 82,599.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. New Fortress Energy Inc. pays an annual dividend of $0.20, resulting in a dividend yield of 0.66%, and it has a price to earnings (P/E) ratio of 32.75. NFE’s most recent ex-dividend date was 3/16/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 3/28/2023. Previously, the company paid the dividend on 2/15/2023 with an ex-dividend date of 2/6/2023. The NFE stock dividend was $0.5470 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for NFE in the last 3 months, the mean price target is $53.73 with high estimates of $64.00 and low estimates of $34.00. In terms of 52-week highs and lows, NFE has a high of $63.06 and a low of $26.14.
As of this writing, NFE has an earnings estimate of $0.86 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $1.48 per share and a lower estimate of -$0.11. The company reported an EPS of $0.29 in the last quarter, which was -63.70% lower than expectations of $0.8.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NFE’s latest balance sheet shows that the firm has $187.51M in Cash & Short Term Investments as of fiscal 2021. There were $4.14B in debt and $562.51M in liabilities at the time. Its Book Value Per Share was $6.18, while its Total Shareholder’s Equity was $1.99B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NFE is Hold with a score of 4.67. A total of 9 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.
