Excelerate Energy (NYSE:EE) Shares Gap Down – Should You Sell?

Excelerate Energy, Inc. (NYSE:EE)’s share price gapped down prior to trading on Friday . The stock had previously closed at $30.95, but opened at $30.22. Excelerate Energy shares last traded at $29.79, with a volume of 17,116 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EE. Northland Securities boosted their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Stephens increased their price target on Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company lifted their price objective on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Finally, Barclays upped their target price on shares of Excelerate Energy from $26.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Excelerate Energy presently has a consensus rating of “Hold” and an average price target of $31.00.

Excelerate Energy Price Performance

The business has a 50 day moving average price of $30.69 and a 200-day moving average price of $24.76. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 30.12, a P/E/G ratio of 1.95 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The firm had revenue of $193.42 million during the quarter, compared to the consensus estimate of $194.09 million. During the same period in the previous year, the firm posted $0.40 earnings per share. Research analysts predict that Excelerate Energy, Inc. will post 1.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Excelerate Energy

A number of institutional investors have recently added to or reduced their stakes in EE. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Excelerate Energy during the 3rd quarter valued at $4,385,000. Jacobs Levy Equity Management Inc. increased its position in shares of Excelerate Energy by 40.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company’s stock worth $3,966,000 after purchasing an additional 52,007 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Excelerate Energy by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 176,334 shares of the company’s stock valued at $3,252,000 after purchasing an additional 20,661 shares in the last quarter. Algert Global LLC lifted its position in Excelerate Energy by 13.7% during the third quarter. Algert Global LLC now owns 118,093 shares of the company’s stock valued at $2,599,000 after purchasing an additional 14,253 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC grew its stake in Excelerate Energy by 5.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 58,203 shares of the company’s stock worth $1,073,000 after buying an additional 2,900 shares in the last quarter. 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.