Excelerate Energy (NYSE:EE) Stock Rating Reaffirmed by Stephens

Excelerate Energy (NYSE:EE)‘s stock had its “overweight” rating restated by research analysts at Stephens in a research note issued to investors on Friday, Benzinga reports. They presently have a $21.00 price target on the stock. Stephens’ target price indicates a potential downside of 9.21% from the company’s current price.

A number of other brokerages have also commented on EE. Wells Fargo & Company cut shares of Excelerate Energy from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $20.00 to $19.00 in a research note on Friday, August 30th. Northland Securities upped their price target on Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.00.

Excelerate Energy Price Performance

Shares of EE opened at $23.13 on Friday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.35. The stock has a market cap of $2.48 billion, a PE ratio of 22.90 and a beta of 1.32. Excelerate Energy has a 12-month low of $13.38 and a 12-month high of $23.58. The business has a 50-day simple moving average of $19.78 and a two-hundred day simple moving average of $18.28.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). Excelerate Energy had a net margin of 3.40% and a return on equity of 1.68%. The firm had revenue of $183.33 million during the quarter, compared to analyst estimates of $259.14 million. During the same period in the prior year, the company earned $0.23 EPS. Analysts anticipate that Excelerate Energy will post 1.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Excelerate Energy

Several institutional investors have recently added to or reduced their stakes in the business. Ranger Investment Management L.P. increased its stake in Excelerate Energy by 0.5% in the fourth quarter. Ranger Investment Management L.P. now owns 1,609,580 shares of the company’s stock valued at $24,884,000 after purchasing an additional 7,815 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in shares of Excelerate Energy by 10.1% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company’s stock valued at $15,012,000 after buying an additional 74,946 shares during the period. Marshall Wace LLP increased its position in Excelerate Energy by 28.2% in the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock valued at $6,241,000 after buying an additional 74,491 shares in the last quarter. Scout Investments Inc. raised its stake in Excelerate Energy by 1.1% during the 1st quarter. Scout Investments Inc. now owns 253,480 shares of the company’s stock worth $4,020,000 after buying an additional 2,673 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Excelerate Energy by 7.9% in the second quarter. Renaissance Technologies LLC now owns 249,282 shares of the company’s stock worth $4,597,000 after acquiring an additional 18,282 shares in the last quarter. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Company Profile

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; and natural gas supply to-power projects.