Barclays Sticks to Its Hold Rating for New Fortress Energy LLC (NFE)


In a report released yesterday, Christine Cho, CFA from Barclays maintained a Hold rating on New Fortress Energy LLC (NFE), with a price target of $18.00. The company’s shares closed last Monday at $17.62.

According to TipRanks.com, CFA is a 1-star analyst with an average return of -1.0% and a 45.7% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP, Targa Resources Corp, and EnLink Midstream LLC.

New Fortress Energy LLC has an analyst consensus of Strong Buy, with a price target consensus of $22.80.

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The company has a one-year high of $19.50 and a one-year low of $8.90. Currently, New Fortress Energy LLC has an average volume of 150.6K.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NFE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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