Excelerate Energy (NYSE:EE) Given Overweight Rating at Stephens

Excelerate Energy (NYSE:EE)‘s stock had its “overweight” rating reiterated by Stephens in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $36.00 price objective on the stock. Stephens’ price target points to a potential upside of 19.62% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Barclays raised their target price on Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley restated an “underweight” rating and set a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Wells Fargo & Company lifted their price target 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. Finally, Northland Securities raised their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.17.

Excelerate Energy Stock Down 1.9 %

Shares of Excelerate Energy stock traded down $0.59 on Monday, reaching $30.10. The company’s stock had a trading volume of 22,704 shares, compared to its average volume of 202,120. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 5.82 and a beta of 1.41. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy has a 52 week low of $14.88 and a 52 week high of $32.99. The firm’s fifty day simple moving average is $30.27 and its two-hundred day simple moving average is $26.37.

Institutional Trading of Excelerate Energy

Several hedge funds have recently bought and sold shares of the stock. US Bancorp DE bought a new stake in shares of Excelerate Energy in the 3rd quarter worth about $130,000. Van ECK Associates Corp raised its position in Excelerate Energy by 111.7% during the third quarter. Van ECK Associates Corp now owns 16,197 shares of the company’s stock valued at $380,000 after purchasing an additional 8,547 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Excelerate Energy in the 3rd quarter worth approximately $214,000. Algert Global LLC increased its position in shares of Excelerate Energy by 13.7% during the 3rd quarter. Algert Global LLC now owns 118,093 shares of the company’s stock valued at $2,599,000 after purchasing an additional 14,253 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Excelerate Energy in the third quarter worth $94,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.

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.