Excelerate Energy, Inc. (NYSE:EE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Excelerate Energy, Inc. (NYSE:EE) has been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $32.3750.

Several analysts recently issued reports on the company. DNB Markets set a $31.00 target price on Excelerate Energy in a research note on Wednesday, September 10th. Morgan Stanley set a $30.00 price objective on shares of Excelerate Energy and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Jefferies Financial Group set a $37.00 target price on shares of Excelerate Energy and gave the stock a “buy” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. initiated coverage on shares of Excelerate Energy in a research note on Monday, September 8th. They set a “neutral” rating and a $30.00 target price for the company. Finally, Wall Street Zen cut shares of Excelerate Energy from a “buy” rating to a “hold” rating in a research note on Saturday.

Excelerate Energy Stock Performance

EE opened at $27.31 on Friday. The company has a 50 day simple moving average of $27.12 and a two-hundred day simple moving average of $26.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.39 and a quick ratio of 2.39. The firm has a market cap of $3.11 billion, a P/E ratio of 18.96, a PEG ratio of 1.23 and a beta of 1.36. Excelerate Energy has a 1-year low of $21.28 and a 1-year high of $32.99.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.32 by $0.13. Excelerate Energy had a net margin of 3.46% and a return on equity of 4.34%. The firm had revenue of $391.04 million for the quarter, compared to the consensus estimate of $270.82 million. Excelerate Energy’s revenue was up 102.2% compared to the same quarter last year. Equities analysts forecast that Excelerate Energy will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy declared that its board has authorized a stock repurchase plan on Thursday, December 11th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to buy up to 2.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Excelerate Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Wednesday, November 19th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. Excelerate Energy’s dividend payout ratio is presently 22.22%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. AlphaQuest LLC bought a new stake in Excelerate Energy in the second quarter worth $30,000. State of Alaska Department of Revenue purchased a new position in shares of Excelerate Energy in the 3rd quarter worth $30,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Excelerate Energy in the 3rd quarter worth about $38,000. Tower Research Capital LLC TRC raised its position in shares of Excelerate Energy by 157.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock valued at $57,000 after buying an additional 1,186 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Excelerate Energy by 89.6% in the 1st quarter. Quarry LP now owns 1,997 shares of the company’s stock valued at $57,000 after acquiring an additional 944 shares during the last quarter. 21.79% of the stock is currently 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.