Short Interest in Excelerate Energy, Inc. (NYSE:EE) Grows By 8.7%

Excelerate Energy, Inc. (NYSE:EE) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 873,800 shares, a growth of 8.7% from the December 31st total of 803,900 shares. Currently, 3.7% of the company’s stock are sold short. Based on an average trading volume of 248,500 shares, the short-interest ratio is presently 3.5 days.

Hedge Funds Weigh In On Excelerate Energy

Large investors have recently added to or reduced their stakes in the company. Quarry LP increased its holdings in Excelerate Energy by 28.9% in the third quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after buying an additional 409 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Excelerate Energy during the 3rd quarter worth approximately $94,000. US Bancorp DE acquired a new stake in shares of Excelerate Energy during the third quarter worth $130,000. SG Americas Securities LLC purchased a new stake in shares of Excelerate Energy during the 3rd quarter valued at about $161,000. Finally, Janus Henderson Group PLC acquired a new stake in shares of Excelerate Energy during the 3rd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Excelerate Energy from $26.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Northland Securities upped their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Wells Fargo & Company lifted their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. restated an “underweight” rating and set a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Finally, Stephens upped their target price on Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Excelerate Energy has an average rating of “Hold” and a consensus price target of $31.00.

Excelerate Energy Trading Up 1.3 %

Shares of NYSE:EE opened at $30.25 on Tuesday. Excelerate Energy has a 12 month low of $13.38 and a 12 month high of $32.99. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The company’s fifty day simple moving average is $30.67 and its 200 day simple moving average is $24.91. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 1.90 and a beta of 1.41.

Excelerate Energy (NYSE:EE) last released its earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The business had revenue of $193.42 million during the quarter, compared to the consensus estimate of $194.09 million. During the same quarter in the prior year, the firm posted $0.40 EPS. As a group, research analysts forecast that Excelerate Energy will post 1.18 EPS for the current fiscal year.

Excelerate Energy Company Profile

Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; and natural gas supply to-power projects.