Excelerate Energy (NYSE:EE) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Wall Street Zen upgraded Excelerate Energy from “sell” to “hold,” while the broader analyst picture remains mixed with a consensus rating of “Moderate Buy” and an average price target of $38.56.
• The stock rose 2.2% and opened at $33.79, putting it below its 12-month high of $43.17 and above its low of $21.28.
• Excelerate Energy’s latest quarter showed revenue growth of 37.6% year over year to $433.44 million, though EPS of $0.37 narrowly missed estimates of $0.39.

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

Several other research analysts also recently commented on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Excelerate Energy in a research note on Friday, March 27th. Zacks Research downgraded shares of Excelerate Energy from a "hold" rating to a "strong sell" rating in a research note on Monday, April 27th. Morgan Stanley reduced their price target on shares of Excelerate Energy from $41.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 21st. Wells Fargo & Company reduced their price target on shares of Excelerate Energy from $39.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, Northland Securities set a $50.00 price target on shares of Excelerate Energy in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $38.56.

Excelerate Energy Trading Up 2.2%

EE stock opened at $33.79 on Friday. The company has a market capitalization of $3.85 billion, a PE ratio of 27.47, a P/E/G ratio of 1.10 and a beta of 1.32. Excelerate Energy has a 12 month low of $21.28 and a 12 month high of $43.17. The firm's 50-day moving average is $34.88 and its 200 day moving average is $32.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.60 and a quick ratio of 2.43.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). The company had revenue of $433.44 million during the quarter, compared to analysts' expectations of $351.68 million. Excelerate Energy had a return on equity of 3.85% and a net margin of 2.98%.The company's quarterly revenue was up 37.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. On average, research analysts anticipate that Excelerate Energy will post 1.66 EPS for the current year.

Insider Buying and Selling

In other Excelerate Energy news, insider Oliver Simpson sold 6,000 shares of the firm's stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $34.15, for a total transaction of $204,900.00. Following the transaction, the insider owned 51,719 shares of the company's stock, valued at approximately $1,766,203.85. This trade represents a 10.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.83% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EE. Arax Advisory Partners increased its position in Excelerate Energy by 791.9% during the 4th quarter. Arax Advisory Partners now owns 883 shares of the company's stock valued at $25,000 after purchasing an additional 784 shares during the period. State of Alaska Department of Revenue purchased a new position in Excelerate Energy during the 3rd quarter valued at about $30,000. Global Retirement Partners LLC purchased a new position in Excelerate Energy during the 4th quarter valued at about $33,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Excelerate Energy in the 3rd quarter worth approximately $38,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Excelerate Energy in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 21.79% of the company's stock.

Excelerate Energy Company Profile

Excelerate Energy NYSE: EE is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy's integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.

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