Excelerate Energy, Inc. (NYSE:EE) Given Average Rating of “Moderate Buy” by Brokerages

Excelerate Energy, Inc. (NYSE:EE) has earned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $38.3333.

A number of brokerages have weighed in on EE. Zacks Research lowered Excelerate Energy from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Northland Securities set a $48.00 price objective on Excelerate Energy in a report on Friday, May 15th. Barclays raised their price objective on Excelerate Energy from $33.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Morgan Stanley decreased their price objective on Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Excelerate Energy in a report on Wednesday.

Excelerate Energy Price Performance

Excelerate Energy stock opened at $37.82 on Wednesday. The company’s fifty day moving average price is $34.54 and its 200 day moving average price is $34.17. Excelerate Energy has a 1 year low of $21.28 and a 1 year high of $43.17. The stock has a market capitalization of $4.31 billion, a P/E ratio of 30.75, a P/E/G ratio of 1.37 and a beta of 1.27. 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 released its quarterly earnings results 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). The company had revenue of $433.44 million during the quarter, compared to analyst estimates of $351.68 million. Excelerate Energy had a net margin of 2.98% and a return on equity of 3.85%. Excelerate Energy’s revenue was up 37.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 EPS. As a group, equities research analysts anticipate that Excelerate Energy will post 1.52 earnings per share for the current fiscal year.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, May 20th. Excelerate Energy’s payout ratio is currently 26.02%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Arax Advisory Partners increased its position in shares of Excelerate Energy by 791.9% during the 4th quarter. Arax Advisory Partners now owns 883 shares of the company’s stock worth $25,000 after purchasing an additional 784 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Excelerate Energy during the 4th quarter worth about $33,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Excelerate Energy during the 3rd quarter worth about $38,000. Essex Investment Management Co. LLC acquired a new stake in shares of Excelerate Energy during the 4th quarter worth about $41,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of Excelerate Energy during the 4th quarter worth about $56,000. 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.