Excelerate Energy (NYSE:EE – Get Free Report) released its earnings results on Wednesday. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02, FiscalAI reports. The business had revenue of $297.21 million for the quarter, compared to the consensus estimate of $365.99 million. Excelerate Energy had a return on equity of 2.24% and a net margin of 3.23%. The business’s quarterly revenue was down 24.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share.
Excelerate Energy Trading Down 2.3%
Shares of EE traded down $0.81 during mid-day trading on Wednesday, reaching $34.32. The stock had a trading volume of 737,994 shares, compared to its average volume of 359,289. Excelerate Energy has a 52-week low of $25.60 and a 52-week high of $43.17. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 23.67 and a beta of 1.23. The business’s fifty day moving average is $35.31 and its 200 day moving average is $36.04. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.80 and a quick ratio of 1.80.
Excelerate Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Wednesday, November 18th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. Excelerate Energy’s dividend payout ratio is currently 24.83%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on EE shares. Dnb Carnegie raised Excelerate Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. Stephens reaffirmed an “overweight” rating and set a $45.00 target price on shares of Excelerate Energy in a research note on Thursday, July 9th. Zacks Research raised shares of Excelerate Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Raymond James Financial reissued a “strong-buy” rating and issued a $50.00 target price on shares of Excelerate Energy in a research note on Monday, September 21st. Finally, Jefferies Financial Group restated a “buy” rating and set a $48.00 target price on shares of Excelerate Energy in a report on Friday, July 10th. Four analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $44.00.
Excelerate Energy Company Profile
Excelerate Energy, Inc is a U.S.-based energy infrastructure company that provides liquefied natural gas (LNG) delivery and regasification services. The company specializes in floating storage and regasification units (FSRUs), which receive, store and convert LNG back into natural gas for delivery to onshore or offshore pipeline systems.
Excelerate offers integrated LNG solutions that can include vessel ownership and operation, terminal and regasification services, LNG supply, logistics and project development.
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