Excelerate Energy (NYSE:EE) Price Target Raised to $31.00

Excelerate Energy (NYSE:EE) had its price objective raised by equities researchers at Barclays from $26.00 to $31.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 4.34% from the stock’s previous close.

A number of other analysts have also issued reports on EE. Stephens boosted their price target on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Northland Securities increased their price objective on 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. reissued an “underweight” rating and issued a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Morgan Stanley increased their price objective on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Excelerate Energy has an average rating of “Hold” and a consensus price target of $29.43.

Excelerate Energy Trading Up 0.8 %

Shares of EE opened at $29.71 on Monday. Excelerate Energy has a 52-week low of $13.38 and a 52-week high of $32.26. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average is $29.58 and its two-hundred day moving average is $23.60. The stock has a market cap of $3.16 billion, a PE ratio of 30.01, a price-to-earnings-growth ratio of 2.32 and a beta of 1.42.

Excelerate Energy (NYSE:EE) last announced 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. The firm had revenue of $193.42 million for the quarter, compared to analysts’ expectations of $194.09 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. During the same quarter in the previous year, the company posted $0.40 EPS. Research analysts forecast that Excelerate Energy will post 1.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Excelerate Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP increased its holdings in Excelerate Energy by 28.9% during the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after purchasing an additional 409 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Excelerate Energy in the 3rd quarter valued at approximately $94,000. US Bancorp DE bought a new stake in shares of Excelerate Energy in the 3rd quarter valued at approximately $130,000. SG Americas Securities LLC bought a new stake in shares of Excelerate Energy in the 3rd quarter valued at approximately $161,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Excelerate Energy in the 3rd quarter valued at approximately $200,000. 21.79% of the stock is owned by institutional investors and hedge funds.

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.