Brokerages Set Excelerate Energy, Inc. (NYSE:EE) Target Price at $32.63

Shares of Excelerate Energy, Inc. (NYSE:EE) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $34.5556.

A number of research firms recently issued reports on EE. Tudor Pickering upgraded Excelerate Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 17th. Morgan Stanley set a $30.00 price target on Excelerate Energy and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Raymond James Financial upgraded shares of Excelerate Energy from an “outperform” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a report on Monday, January 5th. Jefferies Financial Group increased their target price on shares of Excelerate Energy from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Northland Securities set a $50.00 price target on shares of Excelerate Energy in a research note on Friday.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EE. AlphaQuest LLC acquired a new position in shares of Excelerate Energy during the 2nd quarter worth approximately $30,000. State of Alaska Department of Revenue bought a new position in shares of Excelerate Energy in the third quarter valued at $30,000. Aster Capital Management DIFC Ltd acquired a new position in Excelerate Energy during the third quarter worth $38,000. New York State Teachers Retirement System increased its holdings in Excelerate Energy by 32.8% during the third quarter. New York State Teachers Retirement System now owns 2,081 shares of the company’s stock worth $52,000 after buying an additional 514 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Excelerate Energy by 157.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock worth $57,000 after acquiring an additional 1,186 shares in the last quarter. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Stock Up 1.8%

Shares of EE stock opened at $37.40 on Friday. Excelerate Energy has a 12-month low of $21.28 and a 12-month high of $37.58. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average of $29.77 and a 200-day moving average of $26.92. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 1.48 and a beta of 1.36.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.32 by $0.13. The business had revenue of $391.04 million for the quarter, compared to analysts’ expectations of $270.82 million. Excelerate Energy had a net margin of 3.46% and a return on equity of 4.34%. The firm’s quarterly revenue was up 102.2% compared to the same quarter last year. As a group, equities research analysts predict that Excelerate Energy will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy declared that its Board of Directors has authorized a stock buyback plan on Thursday, December 11th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About Excelerate Energy

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.