Excelerate Energy (NYSE:EE) Earns “Underweight” Rating from JPMorgan Chase & Co.

Excelerate Energy (NYSE:EE)‘s stock had its “underweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research report issued on Tuesday, MarketBeat reports. They presently have a $31.00 price objective on the stock, up from their prior price objective of $22.00. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 1.74% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley boosted their price objective on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Stephens raised their price objective on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Barclays lifted their target price on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Northland Securities upped their target price on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company increased their target price on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.71.

Excelerate Energy Stock Performance

Shares of EE stock opened at $31.55 on Tuesday. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $3.35 billion, a P/E ratio of 31.87, a P/E/G ratio of 2.28 and a beta of 1.42. The business’s 50 day moving average is $29.13 and its two-hundred day moving average is $23.27. Excelerate Energy has a 12-month low of $13.38 and a 12-month high of $32.26.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 EPS 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 company 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 earned $0.40 EPS. Analysts expect that Excelerate Energy will post 1.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Excelerate Energy

Several institutional investors have recently made changes to their positions in EE. Quarry LP grew its position in Excelerate Energy by 28.9% in the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after purchasing an additional 409 shares during the last quarter. Rhumbline Advisers increased its position in shares of Excelerate Energy by 9.6% in the second quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock worth $539,000 after acquiring an additional 2,553 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its stake in Excelerate Energy by 5.2% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 58,203 shares of the company’s stock valued at $1,073,000 after purchasing an additional 2,900 shares during the period. Verition Fund Management LLC grew its holdings in shares of Excelerate Energy by 27.8% during the third quarter. Verition Fund Management LLC now owns 17,724 shares of the company’s stock valued at $390,000 after buying an additional 3,855 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Excelerate Energy in the 3rd quarter worth about $94,000. 21.79% of the stock is owned by 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.