Excelerate Energy (NYSE:EE) Research Coverage Started at Stephens

Stephens started coverage on shares of Excelerate Energy (NYSE:EE) in a research report report published on Tuesday, MarketBeat reports. The brokerage issued an overweight rating and a $21.00 price objective on the stock.

EE has been the subject of a number of other reports. StockNews.com raised shares of Excelerate Energy from a sell rating to a hold rating in a research note on Saturday, March 9th. Morgan Stanley reduced their price objective on shares of Excelerate Energy from $30.00 to $19.00 and set an equal weight rating for the company in a research note on Tuesday, February 13th. Northland Securities began coverage on shares of Excelerate Energy in a research note on Monday, February 26th. They issued an outperform rating and a $23.00 price objective for the company. Finally, Raymond James reduced their price objective on shares of Excelerate Energy from $26.00 to $24.00 and set an outperform rating for the company in a research note on Friday, January 19th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Excelerate Energy has a consensus rating of Moderate Buy and a consensus target price of $22.75.

Excelerate Energy Stock Performance

EE stock traded up $0.18 during midday trading on Tuesday, reaching $17.40. 151,122 shares of the company’s stock traded hands, compared to its average volume of 214,308. Excelerate Energy has a 52-week low of $13.38 and a 52-week high of $22.42. The stock has a market cap of $1.88 billion, a P/E ratio of 16.89 and a beta of 1.30. The company has a current ratio of 3.43, a quick ratio of 3.42 and a debt-to-equity ratio of 0.38. The stock’s 50-day moving average is $15.80 and its 200 day moving average is $15.63.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, February 28th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). Excelerate Energy had a net margin of 2.62% and a return on equity of 1.83%. The business had revenue of $240.06 million for the quarter, compared to analysts’ expectations of $265.31 million. As a group, analysts anticipate that Excelerate Energy will post 1.16 EPS for the current year.

Excelerate Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were given a dividend of $0.025 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.57%. Excelerate Energy’s dividend payout ratio is 9.71%.

Hedge Funds Weigh In On Excelerate Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Walleye Capital LLC bought a new position in Excelerate Energy during the third quarter valued at $1,451,000. Trexquant Investment LP bought a new position in Excelerate Energy during the fourth quarter valued at $1,153,000. Adage Capital Partners GP L.L.C. lifted its position in Excelerate Energy by 19.0% during the third quarter. Adage Capital Partners GP L.L.C. now owns 312,500 shares of the company’s stock valued at $5,325,000 after purchasing an additional 50,000 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Excelerate Energy during the fourth quarter valued at $759,000. Finally, Viking Fund Management LLC lifted its position in Excelerate Energy by 40.0% during the first quarter. Viking Fund Management LLC now owns 140,000 shares of the company’s stock valued at $2,243,000 after purchasing an additional 40,000 shares during the last quarter. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Company Profile

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.