Excelerate Energy (NYSE:EE) Price Target Raised to $22.00 at Wells Fargo & Company

Excelerate Energy (NYSE:EE) had its price objective hoisted by investment analysts at Wells Fargo & Company from $19.00 to $22.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 21.65% from the company’s current price.

Other analysts have also recently issued research reports about the company. Barclays increased their price objective on Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Northland Securities increased their price objective on Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Stephens increased their target price on shares of Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.57.

Excelerate Energy Trading Up 0.6 %

EE opened at $28.08 on Tuesday. The company’s 50 day moving average price is $22.17 and its two-hundred day moving average price is $19.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 3.43. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $28.32. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 28.19 and a beta of 1.28.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The company had revenue of $193.42 million for the quarter, compared to analysts’ expectations of $194.09 million. During the same period last year, the business earned $0.40 EPS. As a group, research analysts predict that Excelerate Energy will post 1.18 earnings per share for the current year.

Institutional Trading of Excelerate Energy

Institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. bought a new position in Excelerate Energy in the 3rd quarter valued at approximately $214,000. Van ECK Associates Corp boosted its position in shares of Excelerate Energy by 111.7% during the third quarter. Van ECK Associates Corp now owns 16,197 shares of the company’s stock valued at $380,000 after buying an additional 8,547 shares during the last quarter. US Bancorp DE bought a new position in Excelerate Energy during the 3rd quarter valued at about $130,000. Kings Path Partners LLC bought a new stake in shares of Excelerate Energy in the third quarter worth approximately $715,000. Finally, SG Americas Securities LLC bought a new position in Excelerate Energy during the third quarter valued at approximately $161,000. 21.79% of the stock is owned by hedge funds and other institutional investors.

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.