Excelerate Energy, Inc. (NYSE:EE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Excelerate Energy, Inc. (NYSE:EE) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $23.17.

A number of research analysts have recently commented on EE shares. Stephens boosted their price target on shares of Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday. Northland Securities upped their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, Wells Fargo & Company downgraded shares of Excelerate Energy from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $20.00 to $19.00 in a research note on Friday, August 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Scout Investments Inc. increased its holdings in shares of Excelerate Energy by 7.1% in the 4th quarter. Scout Investments Inc. now owns 250,807 shares of the company’s stock worth $3,877,000 after purchasing an additional 16,697 shares in the last quarter. Ranger Investment Management L.P. lifted its stake in Excelerate Energy by 0.5% during the 4th quarter. Ranger Investment Management L.P. now owns 1,609,580 shares of the company’s stock valued at $24,884,000 after acquiring an additional 7,815 shares during the period. Tortoise Index Solutions LLC boosted its holdings in shares of Excelerate Energy by 12.9% during the 4th quarter. Tortoise Index Solutions LLC now owns 23,608 shares of the company’s stock valued at $365,000 after acquiring an additional 2,696 shares during the last quarter. Viking Fund Management LLC grew its stake in shares of Excelerate Energy by 40.0% in the first quarter. Viking Fund Management LLC now owns 140,000 shares of the company’s stock worth $2,243,000 after acquiring an additional 40,000 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Excelerate Energy during the first quarter valued at approximately $118,000. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Stock Up 4.7 %

Excelerate Energy stock opened at $23.61 on Monday. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average price is $20.10 and its two-hundred day moving average price is $18.50. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 22.70 and a beta of 1.32. Excelerate Energy has a 1-year low of $13.38 and a 1-year high of $23.61.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Excelerate Energy had a net margin of 3.40% and a return on equity of 1.68%. The business had revenue of $183.33 million during the quarter, compared to the consensus estimate of $259.14 million. During the same quarter last year, the company earned $0.23 EPS. On average, equities research analysts predict that Excelerate Energy will post 1.14 earnings per share for the current fiscal year.

Excelerate Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Wednesday, August 21st. Excelerate Energy’s payout ratio is 9.62%.

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.