Excelerate Energy (NYSE:EE) Coverage Initiated by Analysts at Stephens

Investment analysts at Stephens initiated coverage on shares of Excelerate Energy (NYSE:EE - Get Free Report) in a report released on Tuesday, MarketBeat Ratings reports. The firm set an "overweight" rating and a $21.00 price target on the stock. Stephens' target price suggests a potential upside of 24.56% from the stock's current price.

EE has been the topic of several other reports. Morgan Stanley decreased their price target on shares of Excelerate Energy from $30.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 13th. Northland Securities began coverage on shares of Excelerate Energy in a research note on Monday, February 26th. They set an "outperform" rating and a $23.00 price target on the stock. Raymond James decreased their price target on shares of Excelerate Energy from $26.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, January 19th. Finally, StockNews.com raised shares of Excelerate Energy from a "sell" rating to a "hold" rating in a research note on Saturday, March 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Excelerate Energy presently has a consensus rating of "Moderate Buy" and an average target price of $22.75.

Excelerate Energy Price Performance

EE traded down $0.29 on Tuesday, reaching $16.86. The company had a trading volume of 190,199 shares, compared to its average volume of 216,019. The business has a 50 day simple moving average of $15.61 and a 200 day simple moving average of $15.59. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 16.28 and a beta of 1.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.42 and a current ratio of 3.43. Excelerate Energy has a 52-week low of $13.38 and a 52-week high of $22.42.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03). The company had revenue of $240.06 million during the quarter, compared to analysts' expectations of $265.31 million. Excelerate Energy had a net margin of 2.62% and a return on equity of 1.83%. As a group, sell-side analysts anticipate that Excelerate Energy will post 1.1 EPS for the current year.

Institutional Trading of Excelerate Energy

Several large investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System bought a new stake in shares of Excelerate Energy during the 1st quarter valued at $26,000. Tower Research Capital LLC TRC boosted its holdings in shares of Excelerate Energy by 295.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,503 shares of the company's stock valued at $70,000 after buying an additional 3,365 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Excelerate Energy during the 4th quarter valued at $108,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Excelerate Energy during the 1st quarter valued at $118,000. Finally, MQS Management LLC bought a new stake in shares of Excelerate Energy during the 3rd quarter valued at $193,000. 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.