Shares of Excelerate Energy, Inc. (NYSE:EE - Get Free Report) have been given an average recommendation of "Hold" by the seven research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $32.29.
A number of analysts recently commented on EE shares. Barclays upped their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Wall Street Zen upgraded Excelerate Energy from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Jefferies Financial Group assumed coverage on Excelerate Energy in a report on Thursday, June 5th. They set a "buy" rating and a $39.00 price objective on the stock. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Finally, Stephens reissued an "overweight" rating and issued a $36.00 price target on shares of Excelerate Energy in a report on Monday, March 3rd.
Read Our Latest Stock Analysis on Excelerate Energy
Excelerate Energy Stock Performance
NYSE:EE traded down $0.86 during trading hours on Friday, reaching $29.90. The stock had a trading volume of 310,020 shares, compared to its average volume of 294,169. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.34 and a current ratio of 3.34. The stock has a 50 day simple moving average of $28.14 and a 200 day simple moving average of $29.15. Excelerate Energy has a 12-month low of $17.13 and a 12-month high of $32.99. The stock has a market cap of $3.41 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 1.05 and a beta of 1.41.
Excelerate Energy (NYSE:EE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.10. The business had revenue of $315.09 million for the quarter, compared to analysts' expectations of $207.87 million. Excelerate Energy had a return on equity of 2.20% and a net margin of 3.93%. Excelerate Energy's quarterly revenue was up 14.8% compared to the same quarter last year. On average, research analysts forecast that Excelerate Energy will post 1.16 EPS for the current fiscal year.
Excelerate Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Wednesday, May 21st. Excelerate Energy's payout ratio is currently 16.33%.
Institutional Investors Weigh In On Excelerate Energy
Hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. purchased a new stake in Excelerate Energy during the fourth quarter valued at about $283,000. TimesSquare Capital Management LLC bought a new stake in shares of Excelerate Energy in the 4th quarter valued at about $13,854,000. Private Advisor Group LLC purchased a new stake in Excelerate Energy during the 4th quarter valued at about $285,000. Legacy Capital Group California Inc. bought a new position in Excelerate Energy during the 4th quarter worth approximately $414,000. Finally, Cable Hill Partners LLC purchased a new position in Excelerate Energy in the 4th quarter worth approximately $202,000. 21.79% of the stock is currently owned by institutional investors.
About Excelerate Energy
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Get Free ReportExcelerate 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.
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