Northland Securities Raises Excelerate Energy (NYSE:EE) Price Target to $37.00

Excelerate Energy (NYSE:EE) had its price objective lifted by stock analysts at Northland Securities from $29.00 to $37.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ price objective indicates a potential upside of 27.50% from the company’s current price.

Several other analysts have also issued reports on the company. Stephens upped their target price on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Barclays upped their price objective on Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley boosted their target price on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Finally, Wells Fargo & Company upped their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $28.33.

Excelerate Energy Trading Up 0.1 %

NYSE EE opened at $29.02 on Wednesday. Excelerate Energy has a 52 week low of $13.38 and a 52 week high of $32.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The stock’s 50 day moving average price is $27.39 and its two-hundred day moving average price is $22.10. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 2.28 and a beta of 1.43.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. During the same quarter in the previous year, the firm posted $0.40 earnings per share. As a group, analysts anticipate that Excelerate Energy will post 1.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Excelerate Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PDT Partners LLC boosted its holdings in shares of Excelerate Energy by 85.5% during the third quarter. PDT Partners LLC now owns 46,971 shares of the company’s stock worth $1,034,000 after acquiring an additional 21,645 shares during the period. Victory Capital Management Inc. bought a new stake in Excelerate Energy in the 3rd quarter valued at $214,000. Bailard Inc. bought a new stake in Excelerate Energy in the 2nd quarter valued at $297,000. US Bancorp DE acquired a new position in Excelerate Energy in the 3rd quarter valued at $130,000. Finally, Marshall Wace LLP increased its position in Excelerate Energy by 28.2% during the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock worth $6,241,000 after buying an additional 74,491 shares during the period. 21.79% of the stock is owned by institutional investors.

About Excelerate Energy

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.