Excelerate Energy, Inc. (NYSE:EE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Excelerate Energy, Inc. (NYSE:EE) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $28.33.

Several equities analysts have weighed in on EE shares. Stephens increased their target price on Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Morgan Stanley increased their price target on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Barclays lifted their price objective on shares of Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company upped their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Finally, Northland Securities lifted 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.

Excelerate Energy Trading Up 1.7 %

Excelerate Energy stock opened at $30.55 on Friday. The business has a 50 day moving average price of $27.92 and a two-hundred day moving average price of $22.49. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy has a 12 month low of $13.38 and a 12 month high of $32.25. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $193.42 million during the quarter, compared to analysts’ expectations of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same period in the prior year, the firm posted $0.40 EPS. As a group, equities analysts forecast that Excelerate Energy will post 1.23 EPS for the current year.

Excelerate Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.06 per share. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a yield of 0.79%. The ex-dividend date was Wednesday, November 20th. Excelerate Energy’s dividend payout ratio is 24.24%.

Institutional Investors Weigh In On Excelerate Energy

Several hedge funds have recently added to or reduced their stakes in EE. nVerses Capital LLC bought a new position in Excelerate Energy in the 2nd quarter valued at about $26,000. Quarry LP grew its position in shares of 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 purchasing an additional 409 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Excelerate Energy in the third quarter valued at approximately $94,000. US Bancorp DE bought a new position in shares of Excelerate Energy during the third quarter worth approximately $130,000. Finally, SG Americas Securities LLC acquired a new stake in Excelerate Energy during the 3rd quarter worth approximately $161,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

About Excelerate Energy

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.