Excelerate Energy (NYSE:EE) PT Raised to $26.00

Excelerate Energy (NYSE:EE) had its target price boosted by research analysts at Barclays from $22.00 to $26.00 in a report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 10.92% from the stock’s previous close.

A number of other brokerages have also recently issued reports on EE. Northland Securities upped their target price on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Wells Fargo & Company lowered shares of Excelerate Energy from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $20.00 to $19.00 in a research report on Friday, August 30th. Finally, Stephens increased their target price on shares of Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.57.

Excelerate Energy Stock Up 2.4 %

Shares of NYSE:EE opened at $23.44 on Monday. The company’s 50-day moving average price is $20.75 and its two-hundred day moving average price is $18.92. Excelerate Energy has a 12 month low of $13.38 and a 12 month high of $24.12. 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 firm has a market cap of $2.51 billion, a P/E ratio of 23.21 and a beta of 1.32.

Excelerate Energy (NYSE:EE) last posted its earnings results on Wednesday, August 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). The business had revenue of $183.33 million for the quarter, compared to the consensus estimate of $259.14 million. Excelerate Energy had a return on equity of 1.68% and a net margin of 3.40%. During the same quarter in the prior year, the firm posted $0.23 earnings per share. As a group, research analysts forecast that Excelerate Energy will post 1.14 EPS for the current fiscal year.

Institutional Trading of Excelerate Energy

A number of hedge funds and other institutional investors have recently modified their holdings of EE. nVerses Capital LLC bought a new position in Excelerate Energy in the 2nd quarter valued at approximately $26,000. Public Employees Retirement System of Ohio bought a new position in Excelerate Energy during the 1st quarter worth $38,000. Allspring Global Investments Holdings LLC bought a new position in Excelerate Energy during the 1st quarter worth $118,000. SG Americas Securities LLC acquired a new stake in shares of Excelerate Energy in the third quarter valued at about $161,000. Finally, BOKF NA raised its position in shares of Excelerate Energy by 5.8% during the first quarter. BOKF NA now owns 12,700 shares of the company’s stock worth $201,000 after acquiring an additional 700 shares during the last quarter. Institutional investors own 21.79% of the company’s stock.

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.