Excelerate Energy (NYSE:EE) Stock Rating Upgraded by Wall Street Zen

Key Points

• Excelerate Energy received an upgrade from a "hold" to a "buy" rating by Wall Street Zen, reflecting increased investor confidence in the company's prospects.
• Jefferies Financial Group set a price target of $39.00 for Excelerate Energy, in addition to a buy rating, while the consensus price target remains at $32.29.
• The company reported earnings of $0.49 per share, surpassing estimates and marking a 14.8% increase in year-over-year revenue.

Excelerate Energy (NYSE:EE - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

Separately, Jefferies Financial Group began coverage on Excelerate Energy in a report on Thursday, June 5th. They set a "buy" rating and a $39.00 price target on the stock. Three investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $32.29.

Excelerate Energy Stock Performance

Shares of Excelerate Energy stock opened at $25.55 on Friday. The firm's 50-day simple moving average is $28.16 and its 200-day simple moving average is $28.41. Excelerate Energy has a 1 year low of $17.54 and a 1 year high of $32.99. The firm has a market cap of $2.91 billion, a PE ratio of 17.38 and a beta of 1.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.34 and a current ratio of 3.34.

Excelerate Energy (NYSE:EE - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. The firm had revenue of $315.09 million during the quarter, compared to analyst estimates of $207.87 million. Excelerate Energy had a net margin of 3.93% and a return on equity of 2.20%. The business's revenue was up 14.8% on a year-over-year basis. Equities analysts forecast that Excelerate Energy will post 1.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Excelerate Energy

Several hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System lifted its holdings in shares of Excelerate Energy by 1,467.0% in the first quarter. New York State Teachers Retirement System now owns 1,567 shares of the company's stock valued at $45,000 after buying an additional 1,467 shares during the period. Jackson Creek Investment Advisors LLC acquired a new stake in Excelerate Energy in the 1st quarter valued at about $1,400,000. GAMMA Investing LLC grew its stake in shares of Excelerate Energy by 4,503.2% in the 1st quarter. GAMMA Investing LLC now owns 12,935 shares of the company's stock worth $371,000 after purchasing an additional 12,654 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of Excelerate Energy by 55.1% in the 1st quarter. Ritholtz Wealth Management now owns 29,752 shares of the company's stock worth $853,000 after purchasing an additional 10,574 shares in the last quarter. Finally, CenterBook Partners LP bought a new stake in shares of Excelerate Energy in the 1st quarter worth approximately $381,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

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.

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