Analyst Expects New Fortress Energy Inc (NASDAQ: NFE) To Make Big Moves

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed New Fortress Energy to Host Investor Call to Discuss its Transformative Transactions in Puerto Rico and Brazil.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Stocks Info

As a NASDAQ listed company, NFE falls under the Utilities sector while operating within the Utilities – Regulated Gas industry segment. At the end of the last regular session, the stock closed at $30.26 and fluctuated between $30.28 as its day high and $29.44 as its day low. The current market capitalization of New Fortress Energy Inc is $6.20B. A total of 1.22 million shares were traded on the day, compared to an average of 1.34M shares.

In the most recent transaction, Catterall Desmond Iain bought 4,734 shares of NFE for 26.54 per share on May 26 ’23. After the transaction, the Director now owns 4,734 company shares. In a previous transaction on May 24 ’23, 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 ’23 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 ’23. Company shares held by the Director now total 30,221.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. New Fortress Energy Inc pays an annual dividend of $0.40, resulting in a dividend yield of 1.32%, and it has a price to earnings (P/E) ratio of 11.41. NFE’s most recent ex-dividend date was 3/14/2024 when it declared a $0.10 quarterly dividend that was paid in cash on 3/27/2024. Previously, the company paid the dividend on 12/27/2023 with an ex-dividend date of 12/12/2023. The NFE stock dividend was $0.10 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, NFE has a high of $40.04 and a low of $25.06.

As of this writing, NFE has an earnings estimate of $0.95 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.39 per share and a lower estimate of $0.59. The company reported an EPS of $0.3 in the last quarter, which was 25.00% higher than expectations of $0.24.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $8.00, while its Total Shareholder’s Equity was $1.99B.

Analysts Opinion

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. 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 4.00.

Most Popular

Related Posts