Excelerate Energy (NYSE:EE) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen has downgraded Excelerate Energy from a "buy" rating to a "sell" rating, indicating a shift in investor sentiment towards the stock.
• Excelerate Energy stock has recently experienced a 2.5% decline, trading at $23.79, significantly below its 50-day and 200-day moving averages of $27.13 and $27.92 respectively.
• The company's quarterly earnings revealed a net margin of 3.64% and a revenue of $204.60 million, which fell short of analyst expectations of $259.82 million.

Excelerate Energy (NYSE:EE - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "sell" rating in a note issued to investors on Saturday.

Other equities analysts also recently issued research reports about the stock. Citigroup reaffirmed an "outperform" rating on shares of Excelerate Energy in a report on Wednesday, August 13th. Jefferies Financial Group initiated coverage on shares of Excelerate Energy in a report on Thursday, June 5th. They set a "buy" rating and a $39.00 price target on the stock. Finally, Wells Fargo & Company set a $26.00 price target on shares of Excelerate Energy in a report on Monday, August 11th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $32.86.

Excelerate Energy Price Performance

NYSE:EE traded up $0.09 during trading hours on Friday, hitting $23.65. 416,745 shares of the stock traded hands, compared to its average volume of 558,473. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.58. Excelerate Energy has a 1 year low of $17.70 and a 1 year high of $32.99. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 17.39 and a beta of 1.38. The stock has a 50 day moving average price of $26.67 and a 200 day moving average price of $27.78.

Excelerate Energy (NYSE:EE - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Excelerate Energy had a net margin of 3.64% and a return on equity of 4.16%. The business had revenue of $204.60 million for the quarter, compared to the consensus estimate of $259.82 million. The business's quarterly revenue was up 11.6% compared to the same quarter last year. Sell-side analysts forecast that Excelerate Energy will post 1.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Excelerate Energy

Large investors have recently bought and sold shares of the business. AlphaQuest LLC bought a new stake in Excelerate Energy in the second quarter worth $30,000. Aquatic Capital Management LLC bought a new stake in Excelerate Energy in the fourth quarter worth $33,000. New York State Teachers Retirement System increased its position in Excelerate Energy by 1,467.0% in the first quarter. New York State Teachers Retirement System now owns 1,567 shares of the company's stock worth $45,000 after purchasing an additional 1,467 shares during the last quarter. Summit Investment Advisors Inc. increased its position in Excelerate Energy by 28.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock worth $54,000 after purchasing an additional 400 shares during the last quarter. Finally, Quarry LP increased its position in Excelerate Energy by 89.6% in the first quarter. Quarry LP now owns 1,997 shares of the company's stock worth $57,000 after purchasing an additional 944 shares during the last quarter. 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.