Jefferies Financial Group Begins Coverage on Excelerate Energy (NYSE:EE)

Jefferies Financial Group began coverage on shares of Excelerate Energy (NYSE:EE - Free Report) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm issued a buy rating and a $39.00 target price on the stock.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Wall Street Zen lowered Excelerate Energy from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Barclays raised their target price on Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Finally, Stephens reissued an "overweight" rating and set a $36.00 target price on shares of Excelerate Energy in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Excelerate Energy presently has a consensus rating of "Hold" and a consensus price target of $32.29.

Excelerate Energy Price Performance

Shares of EE stock traded up $1.31 during trading hours on Thursday, hitting $30.98. 498,138 shares of the company's stock were exchanged, compared to its average volume of 289,711. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The firm has a market cap of $3.53 billion, a P/E ratio of 31.29, a P/E/G ratio of 5.82 and a beta of 1.41. The firm has a 50 day moving average of $27.24 and a two-hundred day moving average of $29.11. Excelerate Energy has a fifty-two week low of $16.75 and a fifty-two week high of $32.99.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.39 by $0.10. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm had revenue of $315.09 million during the quarter, compared to the consensus estimate of $207.87 million. The firm's quarterly revenue was up 14.8% on a year-over-year basis. Sell-side analysts forecast that Excelerate Energy will post 1.16 EPS for the current year.

Excelerate Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, May 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. Excelerate Energy's dividend payout ratio is presently 16.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new position in shares of Excelerate Energy in the 4th quarter valued at approximately $220,000. BNP Paribas Financial Markets acquired a new position in Excelerate Energy in the fourth quarter valued at $418,000. Principal Financial Group Inc. acquired a new position in Excelerate Energy in the fourth quarter valued at $283,000. Proficio Capital Partners LLC acquired a new position in Excelerate Energy in the fourth quarter valued at $403,000. Finally, Private Advisor Group LLC acquired a new position in Excelerate Energy in the fourth quarter valued at $285,000. Hedge funds and other institutional investors own 21.79% of the company's stock.

About Excelerate Energy

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.