Excelerate Energy (NYSE:EE) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Excelerate Energy (NYSE:EE) had its target price upped by equities research analysts at Morgan Stanley from $23.00 to $25.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential downside of 9.16% from the company’s current price.

Several other analysts have also recently commented on the stock. Northland Securities increased their price target on shares of Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Barclays increased their price objective on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their target price on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, Stephens upped their target price on shares of Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.43.

Excelerate Energy Price Performance

Shares of Excelerate Energy stock opened at $27.52 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The company has a market cap of $2.95 billion, a PE ratio of 27.80 and a beta of 1.28. The firm has a fifty day moving average price of $22.72 and a two-hundred day moving average price of $19.93. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $28.60.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $193.42 million during the quarter, compared to analyst estimates 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 prior year, the company posted $0.40 earnings per share. Analysts expect that Excelerate Energy will post 1.18 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Excelerate Energy during the third quarter worth about $4,385,000. Jacobs Levy Equity Management Inc. acquired a new stake in Excelerate Energy during the 1st quarter worth approximately $2,202,000. Algert Global LLC bought a new position in Excelerate Energy in the second quarter valued at approximately $1,915,000. Massachusetts Financial Services Co. MA bought a new position in Excelerate Energy in the second quarter valued at approximately $1,569,000. Finally, Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Excelerate Energy by 10.1% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company’s stock valued at $15,012,000 after buying an additional 74,946 shares during the period. 21.79% of the stock is owned by institutional investors and hedge funds.

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.