FY2024 EPS Estimate for Excelerate Energy Reduced by Analyst

Excelerate Energy, Inc. (NYSE:EE) – Stock analysts at Northland Capmk reduced their FY2024 EPS estimates for shares of Excelerate Energy in a research report issued on Monday, November 11th. Northland Capmk analyst B. Brooks now expects that the company will post earnings per share of $1.18 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 issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same period last year, the company posted $0.40 earnings per share.

EE has been the topic of several other research reports. Stephens upped their price objective on Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Wells Fargo & Company increased their price target on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday. Northland Securities boosted their price objective on Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Barclays increased their target price on shares of Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.57.

Excelerate Energy Price Performance

EE opened at $27.96 on Wednesday. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $28.60. The firm has a 50-day moving average of $22.17 and a 200 day moving average of $19.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 4.12. The firm has a market cap of $2.99 billion, a P/E ratio of 28.24 and a beta of 1.28.

Institutional Investors Weigh In On Excelerate Energy

Large investors have recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new stake in shares of Excelerate Energy during the 2nd quarter valued at $26,000. Public Employees Retirement System of Ohio purchased a new position in Excelerate Energy in the 1st quarter worth $38,000. US Bancorp DE purchased a new position in Excelerate Energy in the 3rd quarter worth $130,000. SG Americas Securities LLC bought a new stake in Excelerate Energy in the third quarter worth $161,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Excelerate Energy during the first quarter valued at about $118,000. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Wednesday, November 20th. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s dividend payout ratio is 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.