The Street Is Finally Waking Up To New Fortress Energy Inc (NASDAQ: NFE)

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. Earlier, Yahoo Finance discussed this stock as it revealed New Fortress Energy Receives Customs Ruling for Its FLNG Facility.

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Stocks Info

New Fortress Energy Inc is listed on the NASDAQ as a member of the Utilities sector and is a part of the Utilities – Regulated Gas industry. The current market capitalization of New Fortress Energy Inc is $6.81B. A total of 0.76 million shares were traded on the day, compared to an average of 1.33M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, NFE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 2 SELLs from insiders. Insiders purchased 95,410 shares during that period but sold 45,942.

In the most recent transaction, Catterall Desmond Iain bought 4,734 shares of NFE for 26.54 per share on May 26. After the transaction, the Director now owns 4,734 company shares. In a previous transaction on May 24, Jay Timothy W. bought 2,000 shares at 27.85 per share. NFE shares that Director owns now total 32,221.

Among the insiders who bought shares, Jay Timothy W. acquired of 250 shares on May 24 at a per-share price of $28.00. This resulted in the Director holding 8,555 shares of NFE after the transaction. In another insider transaction, Jay Timothy W. bought 3,000 shares at $28.28 per share on May 23. Company shares held by the Director now total 30,221.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. New Fortress Energy Inc pays an annual dividend of $2.66, resulting in a dividend yield of 7.99%, and it has a price to earnings (P/E) ratio of 17.47. NFE’s most recent ex-dividend date was 12/12/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 12/27/2023. Previously, the company paid the dividend on 9/27/2023 with an ex-dividend date of 9/12/2023. The NFE stock dividend was $0.10 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for NFE in the last 3 months, the mean price target is $45.89 with high estimates of $60.00 and low estimates of $32.00. In terms of 52-week highs and lows, NFE has a high of $42.17 and a low of $25.06.

As of this writing, NFE has an earnings estimate of $Nike, Inc. per share for the current quarter. EPS was calculated based on a consensus of Pfizer, Inc. estimates, with a high estimate of $NextEra Energy, Inc. per share and a lower estimate of $Nucor Corporation.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $7.01, while its Total Shareholder’s Equity was $1.99B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.13.

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