Evercore ISI analyst Sean Morgan maintained a Buy rating on New Fortress Energy (NASDAQ:NFE) on Monday, setting a price target of $64, which is approximately 62.68% above the present share price of $39.34.
Morgan expects New Fortress Energy to post earnings per share (EPS) of $0.00 for the second quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in New Fortress Energy, with an average price target of $52.75.
The analysts price targets range from a high of $64 to a low of $44.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $145.7 million and a net profit of $18.03 million. The company's market cap is $8.13 billion.
According to TipRanks.com, Evercore ISI analyst Sean Morgan is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 5.0% and a 40.00% success rate.
New Fortress Energy LLC engages in the provision of energy infrastructure and development services. It specializes in the fields of power, infrastructure, transportation and liquefied natural gas (LNG). Its LNG production and delivery model includes liquefaction, logistics, shipping and terminals. The company was founded by Wesley Robert Edens in 2014 and is headquartered in New York, NY.