Excelerate Energy’s (EE) “Underweight” Rating Reiterated at Morgan Stanley

Morgan Stanley reissued their underweight rating on shares of Excelerate Energy (NYSE:EE) in a research note issued to investors on Friday morning,Benzinga reports. Morgan Stanley currently has a $29.00 price objective on the stock, up from their previous price objective of $25.00.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a $31.00 price objective (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Wells Fargo & Company upped their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Stephens boosted their price objective 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. Barclays raised their target price on Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Northland Securities boosted their price target on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.00.

Excelerate Energy Price Performance

EE opened at $29.76 on Friday. The firm has a market capitalization of $3.16 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. 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’s 50-day moving average is $30.67 and its two-hundred day moving average is $24.87. Excelerate Energy has a 1 year low of $13.38 and a 1 year high of $32.99.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $193.42 million during the quarter, compared to the consensus estimate of $194.09 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. During the same period last year, the firm earned $0.40 earnings per share. Research analysts anticipate that Excelerate Energy will post 1.22 earnings per share for the current fiscal year.

Institutional Trading of Excelerate Energy

Several institutional investors have recently bought and sold shares of EE. Ritholtz Wealth Management acquired a new position in shares of Excelerate Energy during the 4th quarter worth approximately $580,000. JPMorgan Chase & Co. raised its position in Excelerate Energy by 34.4% during the third quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock worth $1,102,000 after acquiring an additional 12,802 shares during the period. Barclays PLC raised its position in Excelerate Energy by 299.8% during the third quarter. Barclays PLC now owns 26,822 shares of the company’s stock worth $591,000 after acquiring an additional 20,113 shares during the period. PDT Partners LLC lifted its holdings in Excelerate Energy by 85.5% during the third quarter. PDT Partners LLC now owns 46,971 shares of the company’s stock valued at $1,034,000 after purchasing an additional 21,645 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Excelerate Energy in the third quarter valued at about $214,000. 21.79% of the stock is owned by institutional investors and hedge funds.

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.