Excelerate Energy (EE) Scheduled to Post Earnings on Wednesday

Excelerate Energy (NYSE:EE) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). The business had revenue of $183.33 million for the quarter, compared to analyst estimates of $259.14 million. Excelerate Energy had a return on equity of 1.68% and a net margin of 3.40%. During the same quarter last year, the company earned $0.23 EPS. On average, analysts expect Excelerate Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Excelerate Energy Trading Down 3.1 %

Shares of NYSE EE opened at $23.52 on Tuesday. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 22.62 and a beta of 1.28. The stock’s 50 day simple moving average is $21.48 and its 200 day simple moving average is $19.43. 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 has a 12-month low of $13.38 and a 12-month high of $24.74.

Excelerate Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Wednesday, November 20th. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s payout ratio is 23.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EE shares. Barclays upped their target price on Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Stephens boosted their target price on shares of Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Wells Fargo & Company lowered shares of Excelerate Energy from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $20.00 to $19.00 in a research report on Friday, August 30th. Finally, Northland Securities boosted their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Excelerate Energy has a consensus rating of “Moderate Buy” and a consensus target price of $23.57.

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.