Excelerate Energy, Inc. (NYSE:EE) Receives Average Recommendation of “Moderate Buy” from Brokerages
Shares of Excelerate Energy, Inc. (NYSE:EE – Get Free Report) have earned an average rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $26.29.
A number of analysts have recently issued reports on the company. StockNews.com cut Excelerate Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 25th. Capital One Financial began coverage on shares of Excelerate Energy in a research note on Friday, November 17th. They issued an “overweight” rating and a $24.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of Excelerate Energy from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, November 16th. Morgan Stanley dropped their price target on shares of Excelerate Energy from $33.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 25th. Finally, Raymond James lifted their price objective on Excelerate Energy from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 10th.
Read Our Latest Stock Analysis on EE
Institutional Trading of Excelerate Energy
Institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in Excelerate Energy during the fourth quarter worth about $18,206,000. FMR LLC bought a new position in Excelerate Energy in the 2nd quarter valued at approximately $12,948,000. SIR Capital Management L.P. boosted its position in Excelerate Energy by 161.6% in the first quarter. SIR Capital Management L.P. now owns 671,789 shares of the company’s stock valued at $14,873,000 after buying an additional 414,999 shares in the last quarter. State Street Corp bought a new stake in shares of Excelerate Energy during the second quarter worth $5,695,000. Finally, Legal & General Group Plc acquired a new position in shares of Excelerate Energy during the second quarter worth $5,360,000. Institutional investors own 21.78% of the company’s stock.
Excelerate Energy Trading Down 1.7 %
Shares of NYSE:EE opened at $16.05 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.05 and a current ratio of 4.15. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 14.08 and a beta of 1.48. Excelerate Energy has a 1-year low of $13.70 and a 1-year high of $28.46. The company has a 50 day moving average price of $16.13 and a 200 day moving average price of $18.39.
Excelerate Energy (NYSE:EE – Get Free Report) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.31 by $0.09. The business had revenue of $275.47 million during the quarter, compared to the consensus estimate of $357.45 million. Excelerate Energy had a net margin of 2.42% and a return on equity of 2.03%. On average, research analysts anticipate that Excelerate Energy will post 1.2 EPS for the current fiscal year.
Excelerate Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Tuesday, November 28th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.10 annualized dividend and a yield of 0.62%. Excelerate Energy’s dividend payout ratio (DPR) is presently 8.77%.
Excelerate Energy Company Profile (Get Free Report
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; natural gas supply to-power projects; and a suite of smaller-scale gas distribution solutions.
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