Excelerate Energy (EE) to Release Earnings on Wednesday

Excelerate Energy (NYSE:EE) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $201.62 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Excelerate Energy Stock Down 3.9 %

Shares of NYSE:EE opened at $28.29 on Monday. The firm’s 50 day moving average price is $30.38 and its 200 day moving average price is $26.02. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 5.82 and a beta of 1.41. Excelerate Energy has a fifty-two week low of $13.39 and a fifty-two week high of $32.99. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.85%. Excelerate Energy’s dividend payout ratio (DPR) is 24.24%.

Wall Street Analyst Weigh In

EE has been the topic of several analyst reports. Barclays raised their target price on shares of Excelerate Energy from $26.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Northland Securities raised their target price on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Wells Fargo & Company raised their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley reissued an “underweight” rating and set a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Excelerate Energy currently has a consensus rating of “Hold” and a consensus target price of $31.00.

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.