Excelerate Energy, Inc. (NYSE:EE) Receives $40.73 Consensus Target Price from Brokerages

Excelerate Energy, Inc. (NYSE:EEGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $43.00.

EE has been the topic of several research reports. The Goldman Sachs Group assumed coverage on Excelerate Energy in a research note on Wednesday, July 15th. They set a “buy” rating and a $49.00 price target on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $48.00 target price on shares of Excelerate Energy in a report on Friday, July 10th. Citigroup reissued an “outperform” rating on shares of Excelerate Energy in a research report on Wednesday, August 12th. Zacks Research upgraded shares of Excelerate Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Stephens restated an “overweight” rating and issued a $45.00 price target on shares of Excelerate Energy in a report on Thursday, July 9th.

View Our Latest Stock Analysis on EE

Excelerate Energy Trading Down 0.2%

EE opened at $38.34 on Monday. The stock’s fifty day moving average is $38.50 and its two-hundred day moving average is $36.27. The company has a market capitalization of $4.35 billion, a P/E ratio of 26.44 and a beta of 1.22. Excelerate Energy has a 52 week low of $23.55 and a 52 week high of $43.17. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.52.

Excelerate Energy (NYSE:EEGet Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Excelerate Energy had a return on equity of 2.24% and a net margin of 3.23%.The business had revenue of $329.27 million during the quarter, compared to analyst estimates of $344.27 million. During the same period in the previous year, the company posted $0.34 EPS. Excelerate Energy’s revenue was up 60.9% on a year-over-year basis. Analysts forecast that Excelerate Energy will post 1.57 earnings per share for the current year.

Excelerate Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 0.9%. Excelerate Energy’s dividend payout ratio is 24.83%.

Hedge Funds Weigh In On Excelerate Energy

A number of large investors have recently bought and sold shares of the business. Arax Advisory Partners boosted its position in Excelerate Energy by 791.9% during the 4th quarter. Arax Advisory Partners now owns 883 shares of the company’s stock valued at $25,000 after acquiring an additional 784 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Excelerate Energy during the 4th quarter worth $33,000. Essex Investment Management Co. LLC bought a new stake in Excelerate Energy during the fourth quarter valued at about $41,000. CIBC Private Wealth Group LLC bought a new stake in Excelerate Energy during the fourth quarter valued at about $56,000. Finally, Tower Research Capital LLC TRC grew its stake in Excelerate Energy by 157.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock valued at $57,000 after purchasing an additional 1,186 shares during the last quarter. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Company Profile

(Get Free Report)

Excelerate Energy, Inc is an integrated liquefied natural gas (LNG) company that provides flexible LNG delivery and regasification solutions. The company specializes in floating storage and regasification units (FSRUs), which receive, store and convert LNG into natural gas for delivery into pipeline networks.

Its services include LNG procurement and transportation, FSRU operations, regasification, terminal management and related infrastructure development. Excelerate also develops and operates offshore and nearshore LNG import facilities designed to help customers access natural gas without relying solely on large, land-based terminals.

Founded in 2003, Excelerate has supported LNG import and energy-infrastructure projects in markets including Bangladesh, Brazil, Argentina, Finland and other regions.

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Analyst Recommendations for Excelerate Energy (NYSE:EE)

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