Excelerate Energy (NYSE:EE) Issues Earnings Results

Excelerate Energy (NYSE:EE) announced its quarterly earnings results on Wednesday. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02, FiscalAI reports. The company had revenue of $297.21 million during the quarter, compared to analyst estimates of $365.99 million. Excelerate Energy had a return on equity of 2.24% and a net margin of 3.23%. The firm’s revenue was down 24.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share.

Excelerate Energy Stock Up 3.3%

NYSE EE traded up $1.15 during mid-day trading on Thursday, reaching $35.44. 460,324 shares of the company’s stock traded hands, compared to its average volume of 407,025. Excelerate Energy has a 1-year low of $25.67 and a 1-year high of $43.17. The company has a fifty day simple moving average of $35.31 and a 200-day simple moving average of $36.04. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.52. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 24.44 and a beta of 1.23.

Excelerate Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, November 18th. Excelerate Energy’s dividend payout ratio (DPR) is 24.83%.

Analyst Upgrades and Downgrades

EE has been the topic of a number of recent research reports. DNB Markets set a $39.00 price target on shares of Excelerate Energy in a research report on Wednesday, October 28th. Morgan Stanley set a $41.00 price target on Excelerate Energy in a research report on Friday, August 7th. Stephens restated an “overweight” rating and issued a $45.00 price target on shares of Excelerate Energy in a report on Thursday, July 9th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $50.00 price objective on shares of Excelerate Energy in a research report on Monday, September 21st. Finally, Weiss Ratings raised shares of Excelerate Energy from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Four equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $44.00.

About Excelerate Energy

Excelerate Energy, Inc is a U.S.-based energy infrastructure company that provides liquefied natural gas (LNG) delivery and regasification services. The company specializes in floating storage and regasification units (FSRUs), which receive, store and convert LNG back into natural gas for delivery to onshore or offshore pipeline systems.

Excelerate offers integrated LNG solutions that can include vessel ownership and operation, terminal and regasification services, LNG supply, logistics and project development.