Barclays Forecasts Strong Price Appreciation for Excelerate Energy (NYSE:EE) Stock

Excelerate Energy (NYSE:EE) had its price target raised by research analysts at Barclays from $31.00 to $32.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 4.54% from the company’s current price.

Other analysts have also recently issued research reports about the company. Morgan Stanley reiterated an “underweight” rating and set a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Northland Securities lifted their price objective on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Wells Fargo & Company lifted their price objective on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $31.00 price objective (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Stephens lifted their price objective on Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.17.

Excelerate Energy Stock Performance

NYSE:EE opened at $30.61 on Friday. The firm has a market capitalization of $3.25 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 5.82 and a beta of 1.41. The business’s fifty day moving average price is $30.27 and its 200 day moving average price is $26.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. Excelerate Energy has a 12 month low of $13.80 and a 12 month high of $32.99.

Institutional Investors Weigh In On Excelerate Energy

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Excelerate Energy by 34.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock worth $1,102,000 after purchasing an additional 12,802 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of Excelerate Energy during the 4th quarter worth approximately $580,000. Barclays PLC raised its position in shares of Excelerate Energy by 299.8% during the 3rd quarter. Barclays PLC now owns 26,822 shares of the company’s stock worth $591,000 after purchasing an additional 20,113 shares during the last quarter. PDT Partners LLC raised its position in shares of Excelerate Energy by 85.5% during the 3rd quarter. PDT Partners LLC now owns 46,971 shares of the company’s stock worth $1,034,000 after purchasing an additional 21,645 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Excelerate Energy during the 3rd quarter worth approximately $214,000. Hedge funds and other 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.