Analysts at StockNews.com began coverage on shares of Excelerate Energy (NYSE:EE – Get Free Report) in a research note issued on Thursday. The brokerage set a “hold” rating on the stock.
EE has been the topic of several other research reports. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 target price on shares of Excelerate Energy in a report on Tuesday, July 25th. Raymond James dropped their target price on Excelerate Energy from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, August 11th. JPMorgan Chase & Co. dropped their target price on Excelerate Energy from $28.00 to $27.00 in a report on Wednesday, July 12th. Finally, Barclays dropped their target price on Excelerate Energy from $30.00 to $26.00 in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.83.
Excelerate Energy Stock Down 1.4 %
Excelerate Energy stock opened at $19.22 on Thursday. Excelerate Energy has a twelve month low of $18.27 and a twelve month high of $31.13. The stock’s fifty day simple moving average is $20.47 and its 200-day simple moving average is $21.03. The company has a current ratio of 3.56, a quick ratio of 3.41 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $2.08 billion, a P/E ratio of 17.80 and a beta of 1.28.
Excelerate Energy (NYSE:EE – Get Free Report) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). Excelerate Energy had a return on equity of 1.86% and a net margin of 1.48%. The company had revenue of $432.37 million for the quarter, compared to analysts’ expectations of $255.68 million. As a group, equities analysts expect that Excelerate Energy will post 1.19 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Excelerate Energy
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Excelerate Energy by 12.4% during the third quarter. Vanguard Group Inc. now owns 1,829,939 shares of the company’s stock worth $42,822,000 after buying an additional 201,806 shares during the period. Ranger Investment Management L.P. boosted its stake in shares of Excelerate Energy by 3.2% during the second quarter. Ranger Investment Management L.P. now owns 1,660,745 shares of the company’s stock worth $33,763,000 after buying an additional 52,070 shares during the period. BlackRock Inc. boosted its stake in shares of Excelerate Energy by 5.5% during the first quarter. BlackRock Inc. now owns 1,369,554 shares of the company’s stock worth $30,322,000 after buying an additional 71,248 shares during the period. American Century Companies Inc. boosted its stake in shares of Excelerate Energy by 0.6% during the first quarter. American Century Companies Inc. now owns 1,067,018 shares of the company’s stock worth $23,624,000 after buying an additional 6,293 shares during the period. Finally, Norges Bank acquired a new stake in shares of Excelerate Energy during the fourth quarter worth about $18,206,000. Institutional investors and hedge funds own 21.66% of the company’s stock.
About Excelerate Energy
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; natural gas supply to-power projects; and a suite of smaller-scale gas distribution solutions.