Excelerate Energy, Inc. (NYSE:EE) Receives $32.38 Average Target Price from Analysts

Shares of Excelerate Energy, Inc. (NYSE:EE) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $32.3750.

A number of equities analysts have weighed in on the company. DNB Markets set a $31.00 price target on Excelerate Energy in a research report on Wednesday, September 10th. Citigroup reissued an “outperform” rating on shares of Excelerate Energy in a research report on Wednesday, August 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Excelerate Energy in a report on Wednesday, October 8th. Jefferies Financial Group set a $37.00 price target on shares of Excelerate Energy and gave the company a “buy” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen raised shares of Excelerate Energy from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. AlphaQuest LLC bought a new position in shares of Excelerate Energy in the second quarter valued at about $30,000. State of Alaska Department of Revenue acquired a new position in Excelerate Energy in the 3rd quarter valued at about $30,000. Aster Capital Management DIFC Ltd bought a new position in Excelerate Energy in the 3rd quarter valued at about $38,000. Tower Research Capital LLC TRC raised its holdings in Excelerate Energy by 157.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock valued at $57,000 after acquiring an additional 1,186 shares during the period. Finally, Quarry LP lifted its position in Excelerate Energy by 89.6% during the first quarter. Quarry LP now owns 1,997 shares of the company’s stock worth $57,000 after acquiring an additional 944 shares during the last quarter. 21.79% of the stock is currently owned by institutional investors.

Excelerate Energy Price Performance

EE stock opened at $26.45 on Tuesday. The stock has a 50-day moving average price of $25.80 and a two-hundred day moving average price of $26.62. Excelerate Energy has a 1 year low of $21.28 and a 1 year high of $32.99. The stock has a market cap of $3.02 billion, a PE ratio of 18.37 and a beta of 1.38. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.56.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.13. The company had revenue of $245.16 million for the quarter, compared to analyst estimates of $270.82 million. Excelerate Energy had a return on equity of 4.34% and a net margin of 3.46%.Excelerate Energy’s revenue for the quarter was up 102.2% on a year-over-year basis. Equities analysts forecast that Excelerate Energy will post 1.16 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Wednesday, November 19th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, November 19th. Excelerate Energy’s dividend payout ratio is presently 22.22%.

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.