Excelerate Energy (NYSE:EE) Announces Earnings Results

Excelerate Energy (NYSE:EE) released its earnings results on Wednesday. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02, FiscalAI reports. Excelerate Energy had a net margin of 3.23% and a return on equity of 2.24%. The firm had revenue of $297.21 million during the quarter, compared to analyst estimates of $365.99 million. During the same quarter in the previous year, the business earned $0.45 EPS. The business’s quarterly revenue was down 24.0% compared to the same quarter last year.

Excelerate Energy Trading Down 2.3%

NYSE:EE traded down $0.81 during trading hours on Wednesday, hitting $34.32. The stock had a trading volume of 737,994 shares, compared to its average volume of 359,289. The business’s 50 day moving average is $35.31 and its 200-day moving average is $36.04. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 23.74 and a beta of 1.23. Excelerate Energy has a one year low of $25.60 and a one year high of $43.17.

Excelerate Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 18th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, November 18th. Excelerate Energy’s dividend payout ratio is presently 24.83%.

Wall Street Analyst Weigh In

EE has been the topic of a number of analyst reports. Wells Fargo & Company increased their price target on Excelerate Energy from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Barclays upped their price objective on Excelerate Energy from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Northland Securities set a $45.00 target price on Excelerate Energy in a research note on Wednesday, August 12th. DNB Markets set a $39.00 target price on Excelerate Energy in a research note on Wednesday, October 28th. Finally, Dnb Carnegie upgraded Excelerate Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 28th. Four analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $44.00.

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.