Excelerate Energy (NYSE:EE) Given "Hold (C-)" Rating at Weiss Ratings

Excelerate Energy (NYSE:EE - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

EE has been the subject of a number of other reports. Wells Fargo & Company set a $26.00 price objective on shares of Excelerate Energy in a research report on Monday, August 11th. Wall Street Zen upgraded shares of Excelerate Energy from a "sell" rating to a "hold" rating in a research report on Sunday, August 24th. JPMorgan Chase & Co. began coverage on shares of Excelerate Energy in a research report on Monday, September 8th. They set a "neutral" rating and a $30.00 price objective for the company. Citigroup restated an "outperform" rating on shares of Excelerate Energy in a research report on Wednesday, August 13th. Finally, DNB Markets set a $31.00 price objective on shares of Excelerate Energy in a research report on Wednesday, September 10th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $32.50.

Excelerate Energy Stock Performance

EE opened at $27.71 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a fifty day moving average price of $24.50 and a 200 day moving average price of $26.64. 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 $3.16 billion, a P/E ratio of 20.38 and a beta of 1.37.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Excelerate Energy had a net margin of 3.64% and a return on equity of 4.16%. The firm had revenue of $204.60 million during the quarter, compared to analysts' expectations of $259.82 million. Excelerate Energy's quarterly revenue was up 11.6% on a year-over-year basis. Equities research analysts anticipate that Excelerate Energy will post 1.16 earnings per share for the current year.

Institutional Investors Weigh In On Excelerate Energy

Hedge funds have recently modified their holdings of the company. AlphaQuest LLC purchased a new position in Excelerate Energy during the second quarter worth about $30,000. New York State Teachers Retirement System boosted its stake in Excelerate Energy by 1,467.0% during the first quarter. New York State Teachers Retirement System now owns 1,567 shares of the company's stock worth $45,000 after buying an additional 1,467 shares during the period. Quarry LP boosted its stake 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 buying an additional 944 shares during the period. Tower Research Capital LLC TRC boosted its stake 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 buying an additional 1,186 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its stake in Excelerate Energy by 31.3% during the second quarter. Ameritas Investment Partners Inc. now owns 2,352 shares of the company's stock worth $69,000 after buying an additional 561 shares during the period. Hedge funds and other institutional investors own 21.79% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.