Excelerate Energy, Inc. (NYSE:EE) Receives $38.33 Consensus Target Price from Brokerages

Excelerate Energy, Inc. (NYSE:EEGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $38.3333.

Several equities analysts have recently issued reports on the stock. Northland Securities set a $48.00 target price on shares of Excelerate Energy in a report on Friday, May 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Excelerate Energy in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Wells Fargo & Company lowered their target price on shares of Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $42.00 target price on shares of Excelerate Energy in a report on Friday, May 8th.

Check Out Our Latest Analysis on EE

Hedge Funds Weigh In On Excelerate Energy

Hedge funds have recently added to or reduced their stakes in the company. Arax Advisory Partners raised its holdings in Excelerate Energy by 791.9% in the 4th quarter. Arax Advisory Partners now owns 883 shares of the company’s stock worth $25,000 after acquiring an additional 784 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Excelerate Energy in the 4th quarter worth approximately $33,000. Aster Capital Management DIFC Ltd purchased a new position in Excelerate Energy in the 3rd quarter worth approximately $38,000. Essex Investment Management Co. LLC purchased a new position in Excelerate Energy in the 4th quarter worth approximately $41,000. Finally, CIBC Private Wealth Group LLC purchased a new position in Excelerate Energy in the 4th quarter worth approximately $56,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Excelerate Energy Stock Performance

Shares of EE opened at $38.00 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.60 and a quick ratio of 2.60. Excelerate Energy has a one year low of $21.28 and a one year high of $43.17. The company has a 50-day simple moving average of $34.66 and a two-hundred day simple moving average of $34.31. The firm has a market capitalization of $4.33 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 1.34 and a beta of 1.27.

Excelerate Energy (NYSE:EEGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). Excelerate Energy had a return on equity of 3.85% and a net margin of 2.98%.The company had revenue of $433.44 million during the quarter, compared to analysts’ expectations of $351.68 million. During the same quarter last year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 37.6% on a year-over-year basis. On average, analysts anticipate that Excelerate Energy will post 1.52 EPS for the current fiscal year.

Excelerate Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, May 20th. Excelerate Energy’s dividend payout ratio (DPR) is presently 26.02%.

Excelerate Energy Company Profile

(Get Free Report)

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.

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Analyst Recommendations for Excelerate Energy (NYSE:EE)

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