Excelerate Energy (NYSE:EE) Raised to “Strong-Buy” at Tudor Pickering

Excelerate Energy (NYSE:EE) was upgraded by equities research analysts at Tudor Pickering from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other analysts have also recently issued reports on the company. Wall Street Zen raised Excelerate Energy from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Excelerate Energy in a research note on Monday. Jefferies Financial Group set a $37.00 target price on Excelerate Energy and gave the company a “buy” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. initiated coverage on shares of Excelerate Energy in a research report on Monday, September 8th. They set a “neutral” rating and a $30.00 price target for the company. Finally, Wells Fargo & Company set a $26.00 price target on shares of Excelerate Energy in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.38.

Excelerate Energy Stock Performance

EE stock opened at $27.26 on Monday. Excelerate Energy has a 1-year low of $21.28 and a 1-year high of $32.99. The business has a 50-day moving average price of $26.05 and a 200 day moving average price of $26.66. The company has a market capitalization of $3.11 billion, a P/E ratio of 18.93, a PEG ratio of 1.05 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.39 and a quick ratio of 2.39.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, November 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.13. The company had revenue of $245.16 million for the quarter, compared to analysts’ expectations of $270.82 million. Excelerate Energy had a net margin of 3.46% and a return on equity of 4.34%. Excelerate Energy’s revenue was up 102.2% on a year-over-year basis. As a group, equities research analysts forecast that Excelerate Energy will post 1.16 EPS for the current fiscal year.

Institutional Trading of Excelerate Energy

Several hedge funds and other institutional investors have recently bought and sold shares of EE. AlphaQuest LLC purchased a new position in Excelerate Energy during the second quarter valued at approximately $30,000. State of Alaska Department of Revenue acquired a new stake in shares of Excelerate Energy during the 3rd quarter worth approximately $30,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Excelerate Energy during the 3rd quarter valued at approximately $38,000. New York State Teachers Retirement System increased its holdings in shares of Excelerate Energy by 32.8% during the 3rd quarter. New York State Teachers Retirement System now owns 2,081 shares of the company’s stock valued at $52,000 after purchasing an additional 514 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Excelerate Energy by 89.6% in the 1st quarter. Quarry LP now owns 1,997 shares of the company’s stock valued at $57,000 after purchasing an additional 944 shares during the period. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Company Profile

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.