Excelerate Energy (EE) Expected to Announce Quarterly Earnings on Wednesday

Excelerate Energy (NYSE:EE) is expected to announce its earnings results 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. Investors interested in registering for the company’s conference call can do so using this link.

Excelerate Energy Stock Performance

NYSE:EE opened at $28.10 on Tuesday. 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 1-year low of $13.80 and a 1-year high of $32.99. The business has a 50 day moving average of $30.33 and a 200 day moving average of $26.09. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 5.82 and a beta of 1.41.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be given 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 payout ratio is currently 24.24%.

Analyst Upgrades and Downgrades

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