Northland Capmk Issues Pessimistic Forecast for EE Earnings

Excelerate Energy, Inc. (NYSE:EE) – Equities researchers at Northland Capmk dropped their FY2024 earnings estimates for Excelerate Energy in a note issued to investors on Monday, November 11th. Northland Capmk analyst B. Brooks now anticipates that the company will earn $1.18 per share for the year, down from their previous estimate of $1.19. The consensus estimate for Excelerate Energy’s current full-year earnings is $1.18 per share. Northland Capmk also issued estimates for Excelerate Energy’s Q4 2024 earnings at $0.33 EPS, Q1 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $1.38 EPS.

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

A number of other analysts have also weighed in on EE. Wells Fargo & Company increased their target price on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday. Northland Securities lifted their price objective on shares of Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a report on Monday. Stephens upped their target price on shares of Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, Barclays lifted their price target on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Excelerate Energy has a consensus rating of “Moderate Buy” and a consensus target price of $24.57.

Excelerate Energy Trading Down 4.3 %

Shares of NYSE EE opened at $26.75 on Wednesday. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $28.60. 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 company has a market cap of $2.86 billion, a price-to-earnings ratio of 27.02 and a beta of 1.28. The business’s 50 day moving average price is $22.36 and its 200-day moving average price is $19.83.

Institutional Investors Weigh In On Excelerate Energy

A number of institutional investors have recently added to or reduced their stakes in EE. FMR LLC lifted its position in shares of Excelerate Energy by 134.2% during the third quarter. FMR LLC now owns 23,134 shares of the company’s stock valued at $509,000 after buying an additional 13,257 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Excelerate Energy during the 3rd quarter worth approximately $94,000. Algert Global LLC lifted its position in Excelerate Energy by 13.7% during the third quarter. Algert Global LLC now owns 118,093 shares of the company’s stock valued at $2,599,000 after acquiring an additional 14,253 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Excelerate Energy during the third quarter valued at approximately $214,000. Finally, Van ECK Associates Corp grew its holdings in Excelerate Energy by 111.7% in the third quarter. Van ECK Associates Corp now owns 16,197 shares of the company’s stock worth $380,000 after purchasing an additional 8,547 shares during the last quarter. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.90%. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s dividend payout ratio is currently 10.10%.

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.