Stifel analyst Benjamin Nolan has revised the price target for New Fortress Energy (NFE, Financial) from $16 down to $14. Despite this adjustment, the analyst continues to recommend a Buy rating for the company's shares.
Nolan anticipates a surge in new liquefied natural gas (LNG) entering the market over the next two years, a trend that is likely to exert downward pressure on LNG prices. However, he highlights significant activity within the U.S. regulatory framework, suggesting it could lead to several American LNG projects reaching their final investment decisions within the next 6 to 12 months.
This strategic insight is part of a broader analysis previewing developments in the LNG sector, where regulatory openness is poised to facilitate increased project approvals and investments.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for New Fortress Energy Inc (NFE, Financial) is $12.57 with a high estimate of $20.00 and a low estimate of $8.00. The average target implies an upside of 152.95% from the current price of $4.97. More detailed estimate data can be found on the New Fortress Energy Inc (NFE) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, New Fortress Energy Inc's (NFE, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for New Fortress Energy Inc (NFE, Financial) in one year is $28.99, suggesting a upside of 483.3% from the current price of $4.97. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the New Fortress Energy Inc (NFE) Summary page.
