New Fortress Energy Inc. (NFE)
NASDAQ: NFE · Real-Time Price · USD
11.96
+0.61 (5.37%)
At close: Dec 20, 2024, 4:00 PM
12.04
+0.08 (0.67%)
After-hours: Dec 20, 2024, 7:44 PM EST
New Fortress Energy Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for New Fortress Energy stock have an average target of 22, with a low estimate of 15 and a high estimate of 45. The average target predicts an increase of 83.95% from the current stock price of 11.96.
Analyst Consensus: Buy
* Price targets were last updated on Oct 3, 2024.
Analyst Ratings
The average analyst rating for NFE stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 3 | 2 | 2 | 2 |
| Buy | 1 | 0 | 0 | 0 | 0 | 0 |
| Hold | 4 | 3 | 3 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 5 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy → Hold Downgrades $35 → $15 | Buy → Hold | Downgrades | $35 → $15 | +25.42% | Oct 3, 2024 |
| BTIG | BTIG | Strong Buy Maintains $35 → $15 | Strong Buy | Maintains | $35 → $15 | +25.42% | Sep 13, 2024 |
| Deutsche Bank | Deutsche Bank | Hold Maintains $26 → $21 | Hold | Maintains | $26 → $21 | +75.59% | Aug 12, 2024 |
| Stifel | Stifel | Strong Buy Maintains $40 → $17 | Strong Buy | Maintains | $40 → $17 | +42.14% | Aug 12, 2024 |
| Barclays | Barclays | Hold Maintains $27 → $19 | Hold | Maintains | $27 → $19 | +58.86% | Aug 5, 2024 |
Financial Forecast
Revenue This Year
2.32B
from 2.39B
Decreased by -2.68%
Revenue Next Year
2.94B
from 2.32B
Increased by 26.52%
EPS This Year
0.40
from 2.65
Decreased by -84.88%
EPS Next Year
1.03
from 0.40
Increased by 156.13%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.4B | 3.5B | 4.0B | |
| Avg | 2.3B | 2.9B | 3.5B | |
| Low | 2.2B | 2.6B | 2.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.4% | 50.6% | 36.3% | |
| Avg | -2.7% | 26.5% | 20.3% | |
| Low | -6.2% | 13.3% | -0.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 0.62 | 2.15 | 1.00 | |
| Avg | 0.40 | 1.03 | 0.79 | |
| Low | 0.27 | 0.01 | 0.49 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -76.6% | 437.3% | -2.8% | |
| Avg | -84.9% | 156.1% | -23.1% | |
| Low | -89.6% | -97.6% | -52.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.