New Fortress Energy (NASDAQ:NFE) issued its quarterly earnings data on Wednesday. The company reported ($0.96) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.73), MarketWatch Earnings reports.
NFE opened at $11.34 on Thursday. New Fortress Energy has a 1 year low of $8.90 and a 1 year high of $16.11.
In related news, CEO Wesley R. Edens acquired 592,100 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was bought at an average price of $9.84 per share, for a total transaction of $5,826,264.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director David J. Grain acquired 4,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was bought at an average price of $11.29 per share, with a total value of $50,805.00. The disclosure for this purchase can be found here. Insiders acquired a total of 1,176,600 shares of company stock worth $11,590,069 in the last three months.
NFE has been the topic of several research analyst reports. Morgan Stanley initiated coverage on New Fortress Energy in a research note on Monday, February 25th. They set an “overweight” rating and a $19.00 price objective on the stock. Barclays initiated coverage on New Fortress Energy in a research note on Monday, February 25th. They set an “equal weight” rating and a $16.00 price objective on the stock. Wolfe Research initiated coverage on New Fortress Energy in a research note on Thursday, February 21st. They issued an “outperform” rating and a $20.00 price target on the stock. Stifel Nicolaus initiated coverage on New Fortress Energy in a research note on Monday, February 25th. They issued a “buy” rating and a $27.00 price target on the stock. Finally, JMP Securities reissued a “buy” rating and issued a $20.00 price target on shares of New Fortress Energy in a research note on Wednesday, March 13th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $19.43.
TRADEMARK VIOLATION WARNING: This report was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.com-unik.info/2019/05/16/new-fortress-energy-nfe-issues-quarterly-earnings-results-misses-expectations-by-0-73-eps.html.
About New Fortress Energy
New Fortress Energy LLC operates as an integrated gas-to-power company. The company's activities include natural gas procurement and liquefaction; provision of logistics and shipping services; development and operation of terminals; and conversion or development of natural gas-fired generation. It intends to serve power, transportation, and industrial users of natural gas and LNG.
Featured Story: How much can an individual set aside as a catch-up contribution?
Receive News & Ratings for New Fortress Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Fortress Energy and related companies with MarketBeat.com's FREE daily email newsletter.