Excelerate Energy (NYSE:EE) Price Target Raised to $32.00

Excelerate Energy (NYSE:EE) had its price target lifted by equities research analysts at Barclays from $31.00 to $32.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 4.54% from the company’s current price.

Other research analysts have also issued reports about the company. Northland Securities raised their price target on 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 increased their price objective on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Morgan Stanley reiterated an “underweight” rating and issued a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Finally, Stephens lifted their price target on Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.17.

Excelerate Energy Stock Performance

Excelerate Energy stock traded up $1.21 during trading hours on Friday, hitting $30.61. The stock had a trading volume of 433,776 shares, compared to its average volume of 206,737. The company has a 50-day moving average of $30.26 and a two-hundred day moving average of $26.19. The company has a market cap of $3.25 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 5.82 and a beta of 1.41. Excelerate Energy has a fifty-two week low of $13.80 and a fifty-two week 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.

Hedge Funds Weigh In On Excelerate Energy

Hedge funds have recently made changes to their positions in the stock. US Bancorp DE purchased a new position in Excelerate Energy during the 3rd quarter valued at about $130,000. Van ECK Associates Corp boosted its stake in shares of Excelerate Energy by 111.7% in the 3rd quarter. Van ECK Associates Corp now owns 16,197 shares of the company’s stock valued at $380,000 after purchasing an additional 8,547 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Excelerate Energy during the third quarter valued at about $214,000. Algert Global LLC increased its stake in Excelerate Energy by 13.7% in the 3rd quarter. Algert Global LLC now owns 118,093 shares of the company’s stock worth $2,599,000 after purchasing an additional 14,253 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Excelerate Energy during the 3rd quarter valued at $94,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

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.