Excelerate Energy (EE) to Release Earnings on Wednesday

Excelerate Energy (NYSE:EE) will likely be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Excelerate Energy to post earnings of $0.32 per share and revenue of $201.62 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Excelerate Energy Price Performance

Excelerate Energy stock opened at $28.29 on Monday. Excelerate Energy has a 12-month low of $13.39 and a 12-month high of $32.99. The stock has a market cap of $3.01 billion, a P/E ratio of 28.58, a PEG ratio of 5.82 and a beta of 1.41. The company has a 50-day moving average price of $30.38 and a 200 day moving average price of $26.02. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, March 12th. Excelerate Energy’s payout ratio is currently 24.24%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EE. JPMorgan Chase & Co. restated an “underweight” rating and set a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Barclays increased their target price on shares of Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Northland Securities increased their target price on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Morgan Stanley reaffirmed an “underweight” rating and set a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Finally, Wells Fargo & Company increased their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.00.

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.