Excelerate Energy, Inc. (NYSE:EE) Receives Average Recommendation of “Moderate Buy” from Analysts

Excelerate Energy, Inc. (NYSE:EE) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $24.00.

A number of equities research analysts recently commented on EE shares. Morgan Stanley lowered their price target on shares of Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 13th. StockNews.com raised shares of Excelerate Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 9th. Raymond James lowered their price target on shares of Excelerate Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. Northland Securities started coverage on shares of Excelerate Energy in a report on Monday, February 26th. They issued an “outperform” rating and a $23.00 price target on the stock. Finally, Wells Fargo & Company cut shares of Excelerate Energy from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $20.00 to $18.00 in a report on Thursday, December 14th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Chilton Capital Management LLC bought a new position in shares of Excelerate Energy in the first quarter worth $41,000. Sunbelt Securities Inc. bought a new position in shares of Excelerate Energy in the first quarter worth $78,000. Qube Research & Technologies Ltd purchased a new position in Excelerate Energy in the third quarter worth $66,000. Tower Research Capital LLC TRC grew its position in Excelerate Energy by 295.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,503 shares of the company’s stock worth $70,000 after acquiring an additional 3,365 shares in the last quarter. Finally, Citigroup Inc. grew its position in Excelerate Energy by 643.1% in the second quarter. Citigroup Inc. now owns 5,856 shares of the company’s stock worth $119,000 after acquiring an additional 5,068 shares in the last quarter. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Price Performance

Shares of NYSE EE opened at $15.75 on Thursday. Excelerate Energy has a twelve month low of $13.38 and a twelve month high of $24.00. The stock’s 50 day moving average price is $14.99 and its 200-day moving average price is $15.78. The company has a market capitalization of $1.71 billion, a PE ratio of 15.29 and a beta of 1.41. The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.38.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, February 28th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). Excelerate Energy had a return on equity of 1.83% and a net margin of 2.62%. The business had revenue of $240.06 million during the quarter, compared to analysts’ expectations of $265.31 million. On average, equities analysts anticipate that Excelerate Energy will post 1.1 EPS for the current year.

Excelerate Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.63%. Excelerate Energy’s payout ratio is 9.71%.

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.