Excelerate Energy (NYSE:EE) Upgraded at Wall Street Zen

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

Several other analysts also recently weighed in on EE. Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. Jefferies Financial Group assumed coverage on Excelerate Energy in a report on Thursday. They set a "buy" rating and a $39.00 price target for the company. Stephens reissued an "overweight" rating and issued a $36.00 price objective on shares of Excelerate Energy in a research report on Monday, March 3rd. Finally, Barclays boosted their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $32.29.

Excelerate Energy Stock Up 2.0%

EE traded up $0.62 on Friday, reaching $31.59. 307,495 shares of the company traded hands, compared to its average volume of 290,358. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 5.82 and a beta of 1.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The stock's 50 day moving average price is $27.39 and its 200-day moving average price is $29.14. Excelerate Energy has a 52-week low of $16.75 and a 52-week high of $32.99.

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

Institutional Trading of Excelerate Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in shares of Excelerate Energy during the 4th quarter worth about $27,000. Aquatic Capital Management LLC bought a new position in Excelerate Energy during the fourth quarter worth about $33,000. New York State Teachers Retirement System increased its position 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 last quarter. Summit Investment Advisors Inc. raised its stake in Excelerate Energy by 28.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock valued at $54,000 after buying an additional 400 shares during the period. Finally, Quarry LP lifted its position in shares of Excelerate Energy by 89.6% in the first quarter. Quarry LP now owns 1,997 shares of the company's stock valued at $57,000 after buying an additional 944 shares during the last quarter. 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.

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