Excelerate Energy (NYSE:EE) Shares Down 5.7% - Here's Why

Key Points

• Excelerate Energy shares fell 5.7% to about $33.98 in Monday’s trading, with volume 41% below the average session level.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $44.56; recent targets range from $45 to $50.
• The company exceeded quarterly EPS expectations and reported 60.9% year-over-year revenue growth, while raising its quarterly dividend to $0.09 per share, or a 1.1% annualized yield.

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) was down 5.7% on Monday . The company traded as low as $33.95 and last traded at $33.98. 242,940 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 409,682 shares. The stock had previously closed at $36.02.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Raymond James Financial reissued a "strong-buy" rating and set a $50.00 price target on shares of Excelerate Energy in a research note on Monday. Zacks Research upgraded shares of Excelerate Energy from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Jefferies Financial Group reaffirmed a "buy" rating and set a $48.00 price objective on shares of Excelerate Energy in a report on Friday, July 10th. Weiss Ratings upgraded Excelerate Energy from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, September 3rd. Finally, Northland Securities set a $45.00 target price on Excelerate Energy in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Excelerate Energy presently has a consensus rating of "Moderate Buy" and an average price target of $44.56.

Excelerate Energy Stock Performance

The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.52. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 23.28 and a beta of 1.22. The stock has a 50 day moving average price of $38.29 and a two-hundred day moving average price of $36.10.

Excelerate Energy (NYSE:EE - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. Excelerate Energy had a return on equity of 2.24% and a net margin of 3.23%.The business had revenue of $329.27 million during the quarter, compared to the consensus estimate of $344.27 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The firm's revenue was up 60.9% on a year-over-year basis. Analysts predict that Excelerate Energy, Inc. will post 1.57 EPS for the current year.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, August 19th. This is a positive change from Excelerate Energy's previous quarterly dividend of $0.08. Excelerate Energy's payout ratio is 24.83%.

Institutional Investors Weigh In On Excelerate Energy

Several large investors have recently bought and sold shares of the company. Nykredit A S acquired a new position in shares of Excelerate Energy in the 2nd quarter valued at $70,000. SBI Okasan Asset Management Co.Ltd. acquired a new position in Excelerate Energy in the fourth quarter valued at about $76,000. Inspire Investing LLC acquired a new position in Excelerate Energy in the first quarter valued at about $193,000. Jefferies Financial Group Inc. bought a new stake in shares of Excelerate Energy in the fourth quarter worth about $207,000. Finally, Amundi acquired a new stake in shares of Excelerate Energy during the first quarter worth about $208,000. Institutional investors own 21.79% of the company's stock.

Excelerate Energy Company Profile

Excelerate Energy, Inc is an integrated liquefied natural gas (LNG) company that provides flexible LNG delivery and regasification solutions. The company specializes in floating storage and regasification units (FSRUs), which receive, store and convert LNG into natural gas for delivery into pipeline networks.

Its services include LNG procurement and transportation, FSRU operations, regasification, terminal management and related infrastructure development. Excelerate also develops and operates offshore and nearshore LNG import facilities designed to help customers access natural gas without relying solely on large, land-based terminals.

Founded in 2003, Excelerate has supported LNG import and energy-infrastructure projects in markets including Bangladesh, Brazil, Argentina, Finland and other regions.

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