Excelerate Energy (NYSE:EE) Stock Crosses Above 50-Day Moving Average – What’s Next?

Shares of Excelerate Energy, Inc. (NYSE:EE) passed 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.

Analysts Set New Price Targets

Several research firms have recently commented on EE. Morgan Stanley set a $41.00 price target on shares of Excelerate Energy in a report on Friday, August 7th. Dnb Carnegie upgraded Excelerate Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 28th. Northland Securities set a $45.00 price objective on Excelerate Energy in a research report on Wednesday, August 12th. DNB Markets set a $39.00 target price on Excelerate Energy in a research note on Wednesday, October 28th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Excelerate Energy in a research report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Excelerate Energy currently has a consensus rating of “Buy” and an average price target of $44.00.

Excelerate Energy Stock Performance

The company has a market cap of $4.19 billion, a P/E ratio of 25.04 and a beta of 1.23. The firm has a 50 day moving average price of $35.17 and a 200-day moving average price of $36.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.80 and a current ratio of 1.95.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Excelerate Energy had a return on equity of 2.13% and a net margin of 3.47%. The business had revenue of $297.21 million for the quarter, compared to the consensus estimate of $365.99 million. During the same period last year, the business earned $0.45 EPS. The firm’s revenue was down 24.0% compared to the same quarter last year. On average, research analysts predict that Excelerate Energy, Inc. will post 1.55 EPS for the current year.

Excelerate Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 18th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, November 18th. Excelerate Energy’s dividend payout ratio (DPR) is 24.66%.

Institutional Trading of Excelerate Energy

A number of institutional investors and hedge funds have recently modified their holdings of EE. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Excelerate Energy by 0.5% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 68,788 shares of the company’s stock worth $2,210,000 after buying an additional 323 shares during the period. Kings Path Partners LLC bought a new position in Excelerate Energy in the 3rd quarter worth $473,000. Engineers Gate Manager LP bought a new position in Excelerate Energy in the 2nd quarter worth $927,000. Nykredit A S bought a new position in Excelerate Energy in the 2nd quarter worth $70,000. Finally, AXQ Capital LP acquired a new position in Excelerate Energy during the 2nd quarter worth $240,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

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.