Excelerate Energy, Inc. (NYSE:EE) Receives $22.00 Consensus PT from Analysts

Shares of Excelerate Energy, Inc. (NYSE:EE) have been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $22.00.

A number of research analysts recently commented on EE shares. Stephens reaffirmed an “overweight” rating and issued a $21.00 target price on shares of Excelerate Energy in a research report on Tuesday, July 9th. Northland Securities increased their target price on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, Wells Fargo & Company downgraded shares of Excelerate Energy from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $20.00 to $19.00 in a research report on Friday, August 30th.

Hedge Funds Weigh In On Excelerate Energy

Institutional investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System acquired a new position in Excelerate Energy in the 1st quarter valued at about $26,000. nVerses Capital LLC purchased a new stake in Excelerate Energy in the 2nd quarter valued at approximately $26,000. Public Employees Retirement System of Ohio purchased a new stake in Excelerate Energy in the 1st quarter valued at approximately $38,000. Allspring Global Investments Holdings LLC purchased a new stake in Excelerate Energy in the 1st quarter valued at approximately $118,000. Finally, BOKF NA boosted its holdings in Excelerate Energy by 5.8% in the 1st quarter. BOKF NA now owns 12,700 shares of the company’s stock valued at $201,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Price Performance

Shares of EE opened at $19.32 on Thursday. Excelerate Energy has a twelve month low of $13.38 and a twelve month high of $20.66. The firm’s fifty day simple moving average is $19.09 and its 200-day simple moving average is $17.70. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 19.13 and a beta of 1.29. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.35.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Excelerate Energy had a net margin of 3.40% and a return on equity of 1.68%. The firm had revenue of $183.33 million during the quarter, compared to analyst estimates of $259.14 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. Equities analysts forecast that Excelerate Energy will post 1.14 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.52%. The ex-dividend date was Wednesday, August 21st. Excelerate Energy’s dividend payout ratio (DPR) is presently 9.90%.

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.