New Fortress Energy LLC (NASDAQ:NFE) Director Purchases $50,805.00 in Stock

New Fortress Energy LLC (NASDAQ:NFE) Director David J. Grain bought 4,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were bought at an average cost of $11.29 per share, for a total transaction of $50,805.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NFE stock traded down $0.18 during trading hours on Friday, reaching $11.84. The stock had a trading volume of 84,875 shares, compared to its average volume of 261,169. New Fortress Energy LLC has a 12 month low of $8.90 and a 12 month high of $16.11.

Several analysts have recently commented on the stock. Wolfe Research started coverage on shares of New Fortress Energy in a report on Thursday, February 21st. They issued an “outperform” rating and a $20.00 target price for the company. Morgan Stanley initiated coverage on shares of New Fortress Energy in a research note on Monday, February 25th. They issued an “overweight” rating and a $19.00 target price for the company. Evercore ISI initiated coverage on shares of New Fortress Energy in a research note on Monday, February 25th. They issued an “outperform” rating and a $23.00 target price for the company. Credit Suisse Group began coverage on shares of New Fortress Energy in a research note on Monday, February 25th. They issued a “neutral” rating and a $17.00 target price for the company. Finally, JMP Securities began coverage on shares of New Fortress Energy in a research report on Monday, February 25th. They issued a “mkt outperform” rating and a $18.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. New Fortress Energy has an average rating of “Buy” and a consensus price target of $19.57.

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New Fortress Energy Company Profile

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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