Excelerate Energy (EE) to Release Quarterly Earnings on Wednesday

Excelerate Energy (NYSE:EE) is scheduled to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Excelerate Energy (NYSE:EE) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). Excelerate Energy had a return on equity of 1.83% and a net margin of 2.62%. The business had revenue of $240.06 million during the quarter, compared to analyst estimates of $265.31 million. On average, analysts expect Excelerate Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Excelerate Energy Trading Up 3.1 %

NYSE:EE opened at $17.95 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.42 and a current ratio of 3.43. Excelerate Energy has a one year low of $13.38 and a one year high of $22.42. The business’s 50-day simple moving average is $15.95 and its 200 day simple moving average is $15.65. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 17.42 and a beta of 1.30.

Excelerate Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Wednesday, May 22nd will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Tuesday, May 21st. Excelerate Energy’s dividend payout ratio (DPR) is 9.71%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EE. StockNews.com upgraded Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 9th. Northland Securities assumed coverage on Excelerate Energy in a research note on Monday, February 26th. They set an “outperform” rating and a $23.00 price objective on the stock. Morgan Stanley lowered their target price on Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating for the company in a report on Tuesday, February 13th. Stephens assumed coverage on Excelerate Energy in a report on Tuesday, April 30th. They set an “overweight” rating and a $21.00 target price for the company. Finally, Raymond James lowered their target price on Excelerate Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

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.