In yesterday’s Wall Street session, Excelerate Energy Inc. (NYSE:EE) shares traded at $23.97, down -0.08% from the previous session.
As of this writing, 6 analysts cover Excelerate Energy Inc. (NYSE:EE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $33.00 and a low of $30.00, we find $31.00. Given the previous closing price of $23.99, this indicates a potential upside of 29.22 percent. EE stock price is now -8.87% away from the 50-day moving average and -4.24% away from the 200-day moving average. The market capitalization of the company currently stands at $2.65B.
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There are 1 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $31.17 as their price target over the next twelve months.
With the price target maintained at $29, Wells Fargo recently Upgraded its rating from Equal Weight to Overweight for Excelerate Energy Inc. (NYSE: EE). On May 09, 2022, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $29, while ‘Stephens’ rates the stock as ‘Overweight’.
A total of 1.83% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EE stock. A new stake in Excelerate Energy Inc. shares was purchased by RANGER INVESTMENT MANAGEMENT, L.P. during the first quarter worth $11,370,000. CUSHING ASSET MANAGEMENT, LP invested $7,814,000 in shares of EE during the first quarter. In the first quarter, AMERIPRISE FINANCIAL INC acquired a new stake in Excelerate Energy Inc. valued at approximately $3,183,000. OAK RIDGE INVESTMENTS LLC acquired a new stake in EE for approximately $2,704,000. RUSSELL INVESTMENTS GROUP, LTD. purchased a new stake in EE valued at around $1,897,000 in the second quarter. In total, there are 144 active investors with 99.92% ownership of the company’s stock.
Monday morning saw Excelerate Energy Inc. (NYSE: EE) opened at $23.87. During the past 12 months, Excelerate Energy Inc. has had a low of $18.31 and a high of $31.13. As of last week, the company has a debt-to-equity ratio of 1.11, a current ratio of 1.80, and a quick ratio of 1.30. The fifty day moving average price for EE is $26.30 and a two-hundred day moving average price translates $25.03 for the stock.
The latest earnings results from Excelerate Energy Inc. (NYSE: EE) was released for Jun, 2022. The net profit margin was 0.10% and return on equity was 0.20% for EE. The company reported revenue of $803.26 million for the quarter, compared to $192.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 318.06 percent. For the current quarter, analysts expect EE to generate $524.13M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/14/2022. Investors who held shares on 11/22/2022 were paid a $0.025 dividend. On an annualized basis, this represents a $0.10 dividend and a 0.42% percent yield. There was an ex-dividend date of 11/21/2022 for this dividend. In terms of dividend payout ratio, EE is presently at 155.50%.
Excelerate Energy Inc.(EE) Company Profile
Excelerate Energy, Inc. provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers floating regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; natural gas supply to-power projects; and a suite of smaller-scale gas distribution solutions. It also leases an LNG terminal in Bahia, Brazil. Excelerate Energy, LLC acts as general partner of the company. Excelerate Energy, Inc. was founded in 2003 and is headquartered in The Woodlands, Texas. Excelerate Energy, Inc. operates as a subsidiary of Excelerate Energy Holdings, LLC.
