Analysts Set Excelerate Energy, Inc. (NYSE:EE) Target Price at $23.00

Shares of Excelerate Energy, Inc. (NYSE:EE) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $23.00.

EE has been the subject of a number of research reports. StockNews.com upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. Raymond James cut their price objective on Excelerate Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Northland Securities assumed coverage on Excelerate Energy in a research report on Monday, February 26th. They set an “outperform” rating and a $23.00 price objective for the company. Finally, Morgan Stanley cut their price objective on Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 13th.

Excelerate Energy Price Performance

Shares of EE opened at $15.36 on Monday. Excelerate Energy has a twelve month low of $13.38 and a twelve month high of $23.14. The stock’s 50 day moving average is $15.15 and its two-hundred day moving average is $15.54. The firm has a market capitalization of $1.66 billion, a PE ratio of 14.91 and a beta of 1.41. The company has a current ratio of 3.43, a quick ratio of 3.42 and a debt-to-equity ratio of 0.38.

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

Excelerate Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were issued a $0.025 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.65%. Excelerate Energy’s dividend payout ratio is currently 9.71%.

Institutional Investors Weigh In On Excelerate Energy

A number of institutional investors have recently modified their holdings of EE. Chilton Capital Management LLC bought a new position in shares of Excelerate Energy in the first quarter valued at approximately $41,000. Sunbelt Securities Inc. bought a new stake in Excelerate Energy during the first quarter worth approximately $78,000. Qube Research & Technologies Ltd bought a new stake in Excelerate Energy during the third quarter worth approximately $66,000. Tower Research Capital LLC TRC boosted its holdings in Excelerate Energy by 295.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,503 shares of the company’s stock worth $70,000 after buying an additional 3,365 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in Excelerate Energy by 643.1% during the second quarter. Citigroup Inc. now owns 5,856 shares of the company’s stock worth $119,000 after buying an additional 5,068 shares in the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

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.