Excelerate Energy’s (EE) “Underweight” Rating Reaffirmed at Morgan Stanley

Excelerate Energy (NYSE:EE)‘s stock had its “underweight” rating reiterated by investment analysts at Morgan Stanley in a report released on Friday,Benzinga reports. They presently have a $29.00 price objective on the stock, up from their previous price objective of $25.00. Morgan Stanley’s price target suggests a potential downside of 6.21% from the stock’s current price.

A number of other research firms also recently issued reports on EE. Barclays boosted their price target 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 Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Stephens raised their price target on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted 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. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.00.

Excelerate Energy Price Performance

EE stock opened at $30.92 on Friday. Excelerate Energy has a 52-week low of $13.38 and a 52-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. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. The business has a fifty day moving average of $30.69 and a two-hundred day moving average of $24.76.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings data 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. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm had revenue of $193.42 million during the quarter, compared to the consensus estimate of $194.09 million. During the same period last year, the company earned $0.40 EPS. As a group, research analysts anticipate that Excelerate Energy will post 1.22 earnings per share for the current year.

Institutional Investors Weigh In On Excelerate Energy

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

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.