Excelerate Energy (EE) Set to Announce Quarterly Earnings on Wednesday

Excelerate Energy (NYSE:EE) will be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Excelerate Energy (NYSE:EE) last posted its earnings results 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 return on equity of 1.68% and a net margin of 3.40%. The firm had revenue of $183.33 million for the quarter, compared to analysts’ expectations of $259.14 million. During the same period in the previous year, the company earned $0.23 earnings per share. On average, analysts expect Excelerate Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Excelerate Energy Price Performance

Shares of Excelerate Energy stock opened at $23.46 on Wednesday. The firm has a market cap of $2.51 billion, a PE ratio of 22.56 and a beta of 1.32. Excelerate Energy has a twelve month low of $13.38 and a twelve 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 business has a 50-day moving average price of $21.14 and a 200 day moving average price of $19.19.

Excelerate Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were paid a $0.025 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.10 dividend on an annualized basis and a yield of 0.43%. Excelerate Energy’s dividend payout ratio is currently 9.62%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays lifted their price objective on Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Stephens boosted their price target on Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Northland Securities raised their price objective on Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, Wells Fargo & Company lowered shares of Excelerate Energy from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $20.00 to $19.00 in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Excelerate Energy currently has an average rating of “Moderate Buy” and a consensus target price of $23.57.

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.