Stephens Reaffirms Overweight Rating for Excelerate Energy (NYSE:EE)

Excelerate Energy (NYSE:EE)‘s stock had its “overweight” rating restated by research analysts at Stephens in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $45.00 target price on the stock. Stephens’ target price suggests a potential upside of 15.62% from the company’s previous close.

A number of other equities analysts also recently commented on EE. 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 research note on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Excelerate Energy in a report on Wednesday, June 24th. Northland Securities set a $48.00 target price on Excelerate Energy in a research report on Friday, May 15th. Morgan Stanley lowered their price target on Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Finally, Zacks Research lowered shares of Excelerate Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.80.

Excelerate Energy Stock Performance

NYSE:EE opened at $38.92 on Thursday. Excelerate Energy has a 52 week low of $21.28 and a 52 week high of $43.17. The company has a fifty day simple moving average of $35.41 and a two-hundred day simple moving average of $34.92. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.53. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 1.39 and a beta of 1.23.

Excelerate Energy (NYSE:EE) last released its earnings results on Wednesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Excelerate Energy had a net margin of 2.98% and a return on equity of 3.85%. 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 posted $0.49 earnings per share. The company’s revenue for the quarter was up 37.6% on a year-over-year basis. As a group, equities analysts anticipate that Excelerate Energy will post 1.52 earnings per share for the current fiscal year.

Institutional Trading of Excelerate Energy

Large investors have recently bought and sold shares of the business. Martingale Asset Management L P grew its position in Excelerate Energy by 0.4% during the 4th quarter. Martingale Asset Management L P now owns 74,192 shares of the company’s stock worth $2,081,000 after purchasing an additional 281 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Excelerate Energy by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 195,532 shares of the company’s stock worth $6,535,000 after acquiring an additional 633 shares during the period. Legal & General Group Plc lifted its position in Excelerate Energy by 3.6% during the 2nd quarter. Legal & General Group Plc now owns 19,317 shares of the company’s stock worth $566,000 after acquiring an additional 670 shares during the period. Quantinno Capital Management LP grew its stake in shares of Excelerate Energy by 6.7% in the 1st quarter. Quantinno Capital Management LP now owns 11,025 shares of the company’s stock valued at $368,000 after purchasing an additional 690 shares during the last quarter. Finally, Arax Advisory Partners grew its stake in shares of Excelerate Energy by 791.9% in the 4th quarter. Arax Advisory Partners now owns 883 shares of the company’s stock valued at $25,000 after purchasing an additional 784 shares during the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

About Excelerate Energy

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.