Excelerate Energy, Inc. (NYSE:EE) Stock Has Average Target Price of $44.56 According to Analysts

by · The Markets Daily

Shares of Excelerate Energy, Inc. (NYSE:EE – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $44.56.

Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of Excelerate Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Raymond James Financial reiterated a “strong-buy” rating and issued a $50.00 price objective on shares of Excelerate Energy in a research report on Monday, September 21st. Morgan Stanley set a $41.00 target price on shares of Excelerate Energy in a research note on Friday, August 7th. Weiss Ratings cut shares of Excelerate Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, September 28th. Finally, Stephens restated an “overweight” rating and issued a $45.00 price target on shares of Excelerate Energy in a research note on Thursday, July 9th.

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Institutional Investors Weigh In On Excelerate Energy

Several institutional investors have recently bought and sold shares of EE. Nykredit A S acquired a new stake in shares of Excelerate Energy in the 2nd quarter worth approximately $70,000. Inspire Investing LLC bought a new position in shares of Excelerate Energy in the first quarter valued at approximately $193,000. Amundi acquired a new position in shares of Excelerate Energy during the first quarter valued at approximately $208,000. Fifth Third Bancorp acquired a new position in shares of Excelerate Energy during the first quarter valued at approximately $211,000. Finally, Simon Quick Advisors LLC bought a new stake in Excelerate Energy during the first quarter worth approximately $214,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Stock Performance

Shares of NYSE EE opened at $32.59 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $37.09 and its two-hundred day moving average price is $35.90. Excelerate Energy has a 52-week low of $24.89 and a 52-week high of $43.17. The stock has a market capitalization of $3.70 billion, a P/E ratio of 22.47 and a beta of 1.25.

Excelerate Energy (NYSE:EE – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. Excelerate Energy had a return on equity of 2.24% and a net margin of 3.23%.The business had revenue of $329.27 million for the quarter, compared to the consensus estimate of $344.27 million. During the same quarter last year, the business posted $0.34 EPS. The business’s revenue was up 60.9% on a year-over-year basis. As a group, sell-side analysts forecast that Excelerate Energy will post 1.57 earnings per share for the current year.

Excelerate Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th were paid a dividend of $0.09 per share. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, August 19th. Excelerate Energy’s dividend payout ratio (DPR) is presently 24.83%.

Excelerate Energy Company Profile

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Excelerate Energy, Inc is a U.S.-based energy infrastructure company focused on delivering liquefied natural gas (LNG) to markets that need flexible access to natural gas. The company’s core business is the ownership and operation of floating storage and regasification units (FSRUs), which receive, store, and convert LNG back into natural gas for delivery to onshore or pipeline networks.

In addition to operating FSRUs, Excelerate provides integrated LNG services that can include LNG procurement and supply, transportation, regasification, facility development, and related downstream infrastructure.

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