Excelerate Energy, Inc. (NYSE:EE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Excelerate Energy, Inc. (NYSE:EE) has been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $40.6364.

Several research analysts have recently issued reports on the company. Stephens reissued an “overweight” rating and issued a $45.00 target price on shares of Excelerate Energy in a research report on Thursday, July 9th. Morgan Stanley reduced their price target on Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Excelerate Energy in a report on Wednesday, June 24th. Zacks Research upgraded Excelerate Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Northland Securities set a $48.00 price objective on Excelerate Energy in a research report on Friday, May 15th.

Institutional Investors Weigh In On Excelerate Energy

Several hedge funds have recently bought and sold shares of the business. Arax Advisory Partners boosted its position in shares of Excelerate Energy by 791.9% in the 4th quarter. Arax Advisory Partners now owns 883 shares of the company’s stock worth $25,000 after purchasing an additional 784 shares in the last quarter. Global Retirement Partners LLC bought a new position in Excelerate Energy during the 4th quarter valued at approximately $33,000. Essex Investment Management Co. LLC purchased a new position in Excelerate Energy during the fourth quarter valued at $41,000. CIBC Private Wealth Group LLC purchased a new position in Excelerate Energy during the fourth quarter valued at $56,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Excelerate Energy by 157.1% in 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. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Price Performance

EE stock opened at $38.97 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.60 and a quick ratio of 2.60. Excelerate Energy has a 1 year low of $21.28 and a 1 year high of $43.17. The firm has a 50-day moving average of $35.87 and a 200 day moving average of $35.30. The company has a market cap of $4.44 billion, a P/E ratio of 31.68, a PEG ratio of 1.41 and a beta of 1.23.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). Excelerate Energy had a net margin of 2.98% and a return on equity of 3.85%. The firm had revenue of $433.44 million for the quarter, compared to the consensus estimate of $351.68 million. During the same period in the previous year, the firm posted $0.49 earnings per share. The business’s revenue was up 37.6% compared to the same quarter last year. On average, sell-side analysts forecast that Excelerate Energy will post 1.52 EPS for the current year.

Excelerate Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 20th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Excelerate Energy’s dividend payout ratio (DPR) is 26.02%.

Excelerate Energy Company Profile

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.