Excelerate Energy (NYSE:EE) Price Target Raised to $26.00 at Barclays

Excelerate Energy (NYSE:EE) had its price target raised by Barclays from $22.00 to $26.00 in a research report released on Monday, Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also issued research reports about the company. Stephens boosted their price target on Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Wells Fargo & Company lowered Excelerate Energy from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $20.00 to $19.00 in a research note on Friday, August 30th. Finally, Northland Securities boosted their price target on Excelerate Energy from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.57.

Excelerate Energy Price Performance

Shares of EE opened at $23.14 on Monday. Excelerate Energy has a twelve month low of $13.38 and a twelve month high of $24.12. The stock’s 50 day moving average is $20.84 and its two-hundred day moving average is $18.95. The firm has a market capitalization of $2.48 billion, a PE ratio of 22.91 and a beta of 1.32. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.35.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data 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). Excelerate Energy had a net margin of 3.40% and a return on equity of 1.68%. The business had revenue of $183.33 million during the quarter, compared to analysts’ expectations of $259.14 million. During the same period in the prior year, the firm posted $0.23 EPS. Research analysts anticipate that Excelerate Energy will post 1.14 earnings per share for the current year.

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.43%. Excelerate Energy’s payout ratio is 9.90%.

Institutional Trading of Excelerate Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Viking Fund Management LLC increased its holdings in Excelerate Energy by 40.0% in the 1st quarter. Viking Fund Management LLC now owns 140,000 shares of the company’s stock valued at $2,243,000 after purchasing an additional 40,000 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Excelerate Energy in the 1st quarter valued at about $118,000. Susquehanna Fundamental Investments LLC purchased a new position in Excelerate Energy in the 1st quarter valued at about $886,000. Scout Investments Inc. boosted its position in Excelerate Energy by 1.1% in the 1st quarter. Scout Investments Inc. now owns 253,480 shares of the company’s stock valued at $4,020,000 after buying an additional 2,673 shares during the last quarter. Finally, BOKF NA boosted its position in Excelerate Energy by 5.8% in the 1st quarter. BOKF NA now owns 12,700 shares of the company’s stock valued at $201,000 after buying an additional 700 shares during the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

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.