Q3 2024 EPS Estimates for Excelerate Energy, Inc. Cut by Northland Capmk (NYSE:EE)

Excelerate Energy, Inc. (NYSE:EE - Free Report) - Stock analysts at Northland Capmk cut their Q3 2024 EPS estimates for shares of Excelerate Energy in a research note issued to investors on Tuesday, May 14th. Northland Capmk analyst B. Brooks now anticipates that the company will earn $0.30 per share for the quarter, down from their prior estimate of $0.33. The consensus estimate for Excelerate Energy's current full-year earnings is $1.26 per share. Northland Capmk also issued estimates for Excelerate Energy's Q4 2024 earnings at $0.34 EPS, FY2024 earnings at $1.16 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.40 EPS and FY2025 earnings at $1.47 EPS.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03). Excelerate Energy had a return on equity of 1.66% and a net margin of 2.60%. The company had revenue of $240.06 million during the quarter, compared to analyst estimates of $265.31 million.

Several other equities research analysts also recently commented on EE. Stephens assumed coverage on Excelerate Energy in a report on Tuesday, April 30th. They set an "overweight" rating and a $21.00 price objective for the company. Northland Securities initiated coverage on shares of Excelerate Energy in a report on Monday, February 26th. They set an "outperform" rating and a $23.00 price objective for the company. StockNews.com upgraded shares of Excelerate Energy from a "sell" rating to a "hold" rating in a report on Saturday, March 9th. Raymond James lowered their price objective on Excelerate Energy from $26.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, January 19th. Finally, Morgan Stanley cut their price objective on shares of Excelerate Energy from $30.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Excelerate Energy presently has an average rating of "Moderate Buy" and an average target price of $22.75.

Excelerate Energy Stock Down 1.3 %

Shares of EE traded down $0.24 during trading hours on Wednesday, hitting $18.36. The stock had a trading volume of 101,563 shares, compared to its average volume of 214,593. The firm has a 50 day simple moving average of $16.41 and a 200-day simple moving average of $15.79. Excelerate Energy has a 1-year low of $13.38 and a 1-year high of $22.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.52 and a quick ratio of 3.42. The firm has a market capitalization of $1.99 billion, a P/E ratio of 18.42 and a beta of 1.30.

Hedge Funds Weigh In On Excelerate Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System bought a new stake in shares of Excelerate Energy in the first quarter valued at approximately $26,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Excelerate Energy during the first quarter worth $38,000. Tower Research Capital LLC TRC lifted its position in shares of Excelerate Energy by 295.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,503 shares of the company's stock worth $70,000 after acquiring an additional 3,365 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Excelerate Energy in the fourth quarter worth $108,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Excelerate Energy in the first quarter valued at $118,000. 21.79% of the stock is owned by institutional investors.

Excelerate Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, May 21st. Excelerate Energy's dividend payout ratio is currently 9.90%.

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.