Excelerate Energy (NYSE:EE) Reaches New 52-Week High – Still a Buy?

Shares of Excelerate Energy, Inc. (NYSE:EE) hit a new 52-week high during trading on Thursday . The company traded as high as $24.12 and last traded at $24.12, with a volume of 32710 shares trading hands. The stock had previously closed at $23.65.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Northland Securities lifted their price target on Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Stephens lifted their price target on Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Barclays raised their price objective on Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company downgraded Excelerate Energy from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $20.00 to $19.00 in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.57.

Excelerate Energy Stock Up 1.8 %

The company has a market capitalization of $2.58 billion, a P/E ratio of 22.79 and a beta of 1.32. The stock has a 50-day moving average price of $21.23 and a 200-day moving average price of $19.22. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.43 and a quick ratio of 3.43.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, August 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The business had revenue of $183.33 million during the quarter, compared to the consensus estimate of $259.14 million. Excelerate Energy had a return on equity of 1.68% and a net margin of 3.40%. During the same quarter in the previous year, the firm posted $0.23 earnings per share. On average, research analysts predict that Excelerate Energy, Inc. will post 1.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Excelerate Energy

A number of hedge funds have recently added to or reduced their stakes in the business. BOKF NA increased its holdings in Excelerate Energy by 5.8% in the first quarter. BOKF NA now owns 12,700 shares of the company’s stock worth $201,000 after purchasing an additional 700 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Excelerate Energy during the second quarter valued at approximately $26,000. Public Employees Retirement System of Ohio bought a new stake in shares of Excelerate Energy during the first quarter valued at approximately $38,000. Rhumbline Advisers increased its holdings in shares of Excelerate Energy by 9.6% during the second quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock valued at $539,000 after acquiring an additional 2,553 shares in the last quarter. Finally, Scout Investments Inc. increased its holdings in shares of Excelerate Energy by 1.1% during the first quarter. Scout Investments Inc. now owns 253,480 shares of the company’s stock valued at $4,020,000 after acquiring an additional 2,673 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors.

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.