Barclays Issues Positive Forecast for Excelerate Energy (NYSE:EE) Stock Price

Excelerate Energy (NYSE:EE) had its target price boosted by Barclays from $26.00 to $31.00 in a research note issued to investors on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other research analysts also recently commented on the company. Northland Securities lifted their target price on 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 Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Stephens boosted their price target on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company increased their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Excelerate Energy presently has a consensus rating of “Hold” and a consensus target price of $29.43.

Excelerate Energy Stock Performance

Excelerate Energy stock opened at $31.90 on Monday. The business has a 50 day moving average of $29.83 and a 200-day moving average of $23.77. The company has a market capitalization of $3.39 billion, a P/E ratio of 32.22, a P/E/G ratio of 2.32 and a beta of 1.42. Excelerate Energy has a 1 year low of $13.38 and a 1 year high of $32.26. 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 (NYSE:EE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $193.42 million during the quarter, compared to analysts’ expectations 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 in the prior year, the company posted $0.40 EPS. On average, equities research analysts predict that Excelerate Energy will post 1.23 earnings per share for the current year.

Excelerate Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were paid a $0.06 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.75%. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s payout ratio is currently 24.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP increased its stake in Excelerate Energy by 28.9% in the third quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after purchasing an additional 409 shares in the last quarter. Quantbot Technologies LP bought a new stake in Excelerate Energy in the 3rd quarter valued at about $94,000. US Bancorp DE acquired a new position in Excelerate Energy during the 3rd quarter worth approximately $130,000. SG Americas Securities LLC bought a new position in Excelerate Energy in the third quarter worth approximately $161,000. Finally, Janus Henderson Group PLC acquired a new stake in Excelerate Energy in the third quarter valued at approximately $200,000. 21.79% of the stock is owned by institutional investors.

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.