New Fortress Energy LLC (NASDAQ:NFE) Director John J. Mack bought 10,000 shares of New Fortress Energy stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $14.20 per share, for a total transaction of $142,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NFE opened at $15.51 on Monday. The stock’s 50-day moving average is $12.12. New Fortress Energy LLC has a 12 month low of $8.90 and a 12 month high of $16.11.

New Fortress Energy (NASDAQ:NFE) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.02). The business had revenue of $39.77 million during the quarter, compared to the consensus estimate of $42.91 million. Sell-side analysts expect that New Fortress Energy LLC will post -1.14 EPS for the current year.

A number of research analysts recently weighed in on NFE shares. JMP Securities reduced their target price on New Fortress Energy from $20.00 to $19.00 and set a “market outperform” rating on the stock in a report on Thursday, May 16th. Zacks Investment Research cut New Fortress Energy from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Finally, Barclays reiterated a “hold” rating and issued a $15.00 target price on shares of New Fortress Energy in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $20.00.

Institutional investors and hedge funds have recently modified their holdings of the business. Emerald Mutual Fund Advisers Trust acquired a new position in shares of New Fortress Energy during the first quarter worth about $9,129,000. Federated Investors Inc. PA acquired a new position in shares of New Fortress Energy during the first quarter worth about $13,194,000. Dean Capital Investments Management LLC acquired a new position in shares of New Fortress Energy during the first quarter worth about $536,000. Tortoise Index Solutions LLC acquired a new position in shares of New Fortress Energy during the first quarter worth about $257,000. Finally, Endurance Wealth Management Inc. acquired a new position in shares of New Fortress Energy during the second quarter worth about $304,000. Institutional investors own 6.69% of the company’s stock.

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.

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Insider Buying and Selling by Quarter for New Fortress Energy (NASDAQ:NFE)

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