Northland Capmk Issues Pessimistic Outlook for EE Earnings

Excelerate Energy, Inc. (NYSE:EE) – Equities researchers at Northland Capmk dropped their FY2024 earnings estimates for Excelerate Energy in a research note issued on Monday, January 27th. Northland Capmk analyst B. Brooks now expects that the company will post earnings per share of $1.14 for the year, down from their prior forecast of $1.18. The consensus estimate for Excelerate Energy’s current full-year earnings is $1.22 per share. Northland Capmk also issued estimates for Excelerate Energy’s Q4 2024 earnings at $0.29 EPS, Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $1.20 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 the consensus estimate of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The company had revenue of $193.42 million during the quarter, compared to analysts’ expectations of $194.09 million. During the same period in the prior year, the firm earned $0.40 earnings per share.

Several other brokerages have also recently commented on EE. Barclays increased their price target on Excelerate Energy from $26.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Northland Securities boosted their target price on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Morgan Stanley lifted their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Finally, Stephens upped their target price on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.33.

Excelerate Energy Price Performance

Shares of NYSE EE opened at $30.68 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The business has a 50-day moving average of $30.66 and a 200-day moving average of $24.68. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 1.93 and a beta of 1.42. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $32.99.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EE. Marshall Wace LLP boosted its holdings in shares of Excelerate Energy by 28.2% during the second quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock worth $6,241,000 after acquiring an additional 74,491 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in Excelerate Energy during the 3rd quarter worth approximately $4,385,000. Jacobs Levy Equity Management Inc. boosted its stake in Excelerate Energy by 40.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company’s stock valued at $3,966,000 after purchasing an additional 52,007 shares during the period. Dimensional Fund Advisors LP boosted its stake in Excelerate Energy by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 176,334 shares of the company’s stock valued at $3,252,000 after purchasing an additional 20,661 shares during the period. Finally, Algert Global LLC grew its holdings in Excelerate Energy by 13.7% in the 3rd quarter. Algert Global LLC now owns 118,093 shares of the company’s stock valued at $2,599,000 after buying an additional 14,253 shares in the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

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.