New Fortress Energy (NASDAQ:NFE) Price Target Cut to $26.00 by Analysts at Deutsche Bank Aktiengesellschaft

New Fortress Energy (NASDAQ:NFE) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from $33.00 to $26.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a hold rating on the stock.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus decreased their target price on New Fortress Energy from $45.00 to $43.00 and set a buy rating for the company in a report on Thursday, May 9th. Barclays decreased their target price on New Fortress Energy from $32.00 to $27.00 and set an equal weight rating for the company in a report on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $38.00.

New Fortress Energy Stock Performance

NASDAQ:NFE opened at $20.17 on Tuesday. The firm has a market cap of $4.14 billion, a PE ratio of 9.17 and a beta of 1.49. New Fortress Energy has a fifty-two week low of $19.02 and a fifty-two week high of $40.04. The company has a debt-to-equity ratio of 3.74, a quick ratio of 0.54 and a current ratio of 0.66. The business has a 50 day moving average price of $22.57 and a 200-day moving average price of $27.93.

New Fortress Energy (NASDAQ:NFE) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. The firm had revenue of $690.30 million during the quarter, compared to analyst estimates of $602.41 million. New Fortress Energy had a return on equity of 31.34% and a net margin of 17.90%. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Equities research analysts predict that New Fortress Energy will post 1.99 earnings per share for the current year.

New Fortress Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Saturday, June 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.98%. New Fortress Energy’s dividend payout ratio (DPR) is presently 18.18%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NFE. American National Bank purchased a new position in shares of New Fortress Energy during the 2nd quarter valued at about $26,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of New Fortress Energy by 563.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,387 shares of the company’s stock valued at $42,000 after buying an additional 1,178 shares in the last quarter. ORG Partners LLC lifted its position in shares of New Fortress Energy by 987.8% during the 2nd quarter. ORG Partners LLC now owns 3,753 shares of the company’s stock valued at $77,000 after buying an additional 3,408 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of New Fortress Energy during the 1st quarter valued at about $95,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of New Fortress Energy during the 4th quarter valued at about $119,000. 58.61% of the stock is owned by hedge funds and other institutional investors.

New Fortress Energy 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.