Stephens Initiates Coverage on Excelerate Energy (NYSE:EE)

Research analysts at Stephens started coverage on shares of Excelerate Energy (NYSE:EE) in a research note issued to investors on Tuesday, Marketbeat reports. The firm set an “overweight” rating and a $21.00 price target on the stock. Stephens’ price objective would suggest a potential upside of 24.89% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Raymond James reduced their price objective on shares of Excelerate Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. Morgan Stanley reduced their price objective on shares of Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 13th. StockNews.com upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 9th. Finally, Northland Securities started coverage on shares of Excelerate Energy in a research note on Monday, February 26th. They issued an “outperform” rating and a $23.00 price objective for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.75.

Excelerate Energy Stock Performance

EE stock opened at $16.82 on Tuesday. The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 16.33 and a beta of 1.41. Excelerate Energy has a 12 month low of $13.38 and a 12 month high of $22.42. The firm has a 50 day moving average of $15.73 and a two-hundred day moving average of $15.61.

Excelerate Energy (NYSE:EE) last posted its 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 the consensus estimate of $265.31 million. As a group, equities analysts anticipate that Excelerate Energy will post 1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Excelerate Energy

Hedge funds have recently made changes to their positions in the business. Walleye Capital LLC acquired a new position in shares of Excelerate Energy in the 3rd quarter valued at $1,451,000. Pacer Advisors Inc. grew its holdings in shares of Excelerate Energy by 16.5% in the 4th quarter. Pacer Advisors Inc. now owns 48,576 shares of the company’s stock worth $751,000 after purchasing an additional 6,890 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Excelerate Energy by 19.0% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 312,500 shares of the company’s stock worth $5,325,000 after purchasing an additional 50,000 shares during the last quarter. Swiss National Bank grew its holdings in shares of Excelerate Energy by 2.0% in the 3rd quarter. Swiss National Bank now owns 40,400 shares of the company’s stock worth $688,000 after purchasing an additional 800 shares during the last quarter. Finally, Viking Fund Management LLC grew its holdings in shares of Excelerate Energy by 25.0% in the 4th quarter. Viking Fund Management LLC now owns 100,000 shares of the company’s stock worth $1,546,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

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.