Excelerate Energy (NYSE:EE) Stock Rating Upgraded by The Goldman Sachs Group

Excelerate Energy (NYSE:EE) was upgraded by investment analysts at The Goldman Sachs Group to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

EE has been the subject of a number of other research reports. Northland Securities set a $48.00 target price on shares of Excelerate Energy in a research report on Friday, May 15th. Zacks Research raised shares of Excelerate Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $42.00 price target on shares of Excelerate Energy in a research report on Friday, May 8th. Stephens reiterated an “overweight” rating and set a $45.00 price objective on shares of Excelerate Energy in a report on Thursday, July 9th. Finally, Morgan Stanley lowered their price objective on Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.64.

Excelerate Energy Stock Performance

EE stock opened at $39.39 on Wednesday. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 1.40 and a beta of 1.23. The firm has a 50-day simple moving average of $35.77 and a two-hundred day simple moving average of $35.28. Excelerate Energy has a one year low of $21.28 and a one year high of $43.17. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.60 and a current ratio of 2.60.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings data 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 return on equity of 3.85% and a net margin of 2.98%.The firm had revenue of $433.44 million during the quarter, compared to analysts’ expectations of $351.68 million. During the same period in the previous year, the firm earned $0.49 EPS. The firm’s quarterly revenue was up 37.6% on a year-over-year basis. On average, equities analysts forecast that Excelerate Energy will post 1.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EE. Arax Advisory Partners lifted its stake in shares of Excelerate Energy by 791.9% during the fourth quarter. Arax Advisory Partners now owns 883 shares of the company’s stock worth $25,000 after buying an additional 784 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Excelerate Energy during the fourth quarter valued at $33,000. Essex Investment Management Co. LLC acquired a new position in shares of Excelerate Energy in the 4th quarter valued at $41,000. CIBC Private Wealth Group LLC acquired a new position in shares of Excelerate Energy in the 4th quarter valued at $56,000. Finally, Tower Research Capital LLC TRC raised its stake in Excelerate Energy by 157.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock worth $57,000 after acquiring an additional 1,186 shares during the last quarter. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Company Profile

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.