Shares of Excelerate Energy, Inc. (NYSE:EE – Get Free Report) crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $35.23 and traded as high as $36.63. Excelerate Energy shares last traded at $35.4370, with a volume of 700,656 shares changing hands.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and issued a $45.00 target price on shares of Excelerate Energy in a research report on Thursday, July 9th. The Goldman Sachs Group initiated coverage on shares of Excelerate Energy in a research report on Wednesday, July 15th. They set a “buy” rating and a $49.00 price target for the company. Zacks Research raised shares of Excelerate Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings raised shares of Excelerate Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Finally, Citigroup restated an “outperform” rating on shares of Excelerate Energy in a report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $44.00.
Read Our Latest Research Report on EE
Excelerate Energy Price Performance
The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.52. The company has a market cap of $4.02 billion, a PE ratio of 24.27 and a beta of 1.23. The firm has a 50 day moving average of $35.23 and a two-hundred day moving average of $36.05.
Excelerate Energy (NYSE:EE – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Excelerate Energy had a return on equity of 2.15% and a net margin of 3.47%. The business had revenue of $297.21 million during the quarter, compared to analysts’ expectations of $365.99 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was down 24.0% compared to the same quarter last year. Research analysts predict that Excelerate Energy, Inc. will post 1.55 earnings per share for the current fiscal year.
Excelerate Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Wednesday, November 18th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, November 18th. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. Excelerate Energy’s dividend payout ratio (DPR) is presently 24.66%.
Hedge Funds Weigh In On Excelerate Energy
Large investors have recently modified their holdings of the stock. Knights of Columbus Asset Advisors LLC boosted its stake in Excelerate Energy by 0.5% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 68,788 shares of the company’s stock worth $2,210,000 after purchasing an additional 323 shares in the last quarter. Kings Path Partners LLC purchased a new position in Excelerate Energy in the third quarter worth about $473,000. Engineers Gate Manager LP purchased a new position in Excelerate Energy in the second quarter worth about $927,000. Nykredit A S bought a new position in shares of Excelerate Energy in the second quarter worth approximately $70,000. Finally, AXQ Capital LP bought a new position in shares of Excelerate Energy in the second quarter worth approximately $240,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.
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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