Excelerate Energy (NYSE:EE) Price Target Raised to $29.00 at Northland Securities

Excelerate Energy (NYSE:EE) had its price objective hoisted by equities researchers at Northland Securities from $25.00 to $29.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ price objective suggests a potential upside of 4.39% from the company’s current price.

Several other research analysts also recently commented on the stock. Stephens raised their price objective on shares of Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Barclays raised their price target on Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company lowered Excelerate Energy from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $20.00 to $19.00 in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.14.

Excelerate Energy Stock Performance

NYSE:EE opened at $27.78 on Monday. Excelerate Energy has a 1 year low of $13.38 and a 1 year high of $27.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 3.43. The business has a fifty day simple moving average of $21.98 and a two-hundred day simple moving average of $19.68. The company has a market capitalization of $2.97 billion, a P/E ratio of 28.06 and a beta of 1.28.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $193.42 million for the quarter, compared to analysts’ expectations of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same period in the previous year, the business posted $0.40 EPS. On average, analysts expect that Excelerate Energy will post 1.18 earnings per share for the current year.

Institutional Trading of Excelerate Energy

A number of large investors have recently modified their holdings of the business. nVerses Capital LLC bought a new stake in shares of Excelerate Energy during the 2nd quarter worth $26,000. Public Employees Retirement System of Ohio purchased a new stake in Excelerate Energy during the first quarter valued at about $38,000. US Bancorp DE bought a new stake in Excelerate Energy during the third quarter worth about $130,000. SG Americas Securities LLC purchased a new position in shares of Excelerate Energy in the 3rd quarter worth about $161,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Excelerate Energy in the 1st quarter worth about $118,000. Institutional investors 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.