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1 Comment
New Fortress Energy Inc is currently in a long term downtrend where the price is trading 22.9% below its 200 day moving average.
From a valuation standpoint, the stock is 17.5% more expensive than other stocks from the Utilities sector with a price to sales ratio of 11.3.
New Fortress Energy Inc's total revenue rose by 108.9% to $146M since the same quarter in the previous year.
Its net income has increased by 102.3% to $170K since the same quarter in the previous year.
Finally, its free cash flow grew by 68.3% to $-51M since the same quarter in the previous year.
Based on the above factors, New Fortress Energy Inc gets an overall score of 3/5.
ISIN | US6443931000 |
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Sector | Energy |
CurrencyCode | USD |
Industry | Oil & Gas Midstream |
Exchange | NASDAQ |
Market Cap | 2B |
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PE Ratio | None |
Target Price | 12.5714 |
Dividend Yield | 6.6% |
Beta | 1.5 |
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 logistics, shipping, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units (FRSU) and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; Dual-fired combined heat and power facility in Clarendon, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; LNG receiving facility and gas-fired power plant in Baja California Sur, Mexico; and LNG receiving facility in southern coast of Brazil, as well as a Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.
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