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

Excelerate Energy (NYSE:EE)‘s stock had its “overweight” rating reaffirmed by Stephens in a report issued on Monday,Benzinga reports. They currently have a $36.00 price objective on the stock. Stephens’ price objective would indicate a potential upside of 19.25% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Northland Securities upped their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Wells Fargo & Company increased their target price on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Barclays boosted their price objective on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Morgan Stanley restated an “underweight” rating and issued a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.17.

Excelerate Energy Trading Up 0.6 %

NYSE EE opened at $30.19 on Monday. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The stock’s 50-day simple moving average is $30.27 and its two-hundred day simple moving average is $26.52. Excelerate Energy has a twelve month low of $14.88 and a twelve month high of $32.99. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 5.82 and a beta of 1.41.

Hedge Funds Weigh In On Excelerate Energy

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in Excelerate Energy by 34.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock valued at $1,102,000 after purchasing an additional 12,802 shares during the period. Ritholtz Wealth Management bought a new stake in shares of Excelerate Energy during the fourth quarter valued at approximately $580,000. Barclays PLC raised its position in shares of Excelerate Energy by 299.8% during the third quarter. Barclays PLC now owns 26,822 shares of the company’s stock valued at $591,000 after buying an additional 20,113 shares during the last quarter. PDT Partners LLC lifted its holdings in shares of Excelerate Energy by 85.5% in the third quarter. PDT Partners LLC now owns 46,971 shares of the company’s stock worth $1,034,000 after buying an additional 21,645 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of Excelerate Energy during the third quarter worth $214,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

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.