Barclays Boosts Excelerate Energy (NYSE:EE) Price Target to $26.00

Excelerate Energy (NYSE:EE) had its target price boosted by analysts at Barclays from $22.00 to $26.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 10.92% from the company’s previous close.

EE has been the subject of a number of other research reports. Stephens lifted their price target on 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 downgraded Excelerate Energy from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $20.00 to $19.00 in a report on Friday, August 30th. Finally, Northland Securities raised their price objective on Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Excelerate Energy has an average rating of “Moderate Buy” and an average price target of $23.57.

Excelerate Energy Stock Up 2.4 %

Shares of NYSE:EE opened at $23.44 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.43 and a current ratio of 3.43. Excelerate Energy has a 52-week low of $13.38 and a 52-week high of $24.12. The business’s 50 day simple moving average is $20.75 and its two-hundred day simple moving average is $18.92. The firm has a market cap of $2.51 billion, a P/E ratio of 23.21 and a beta of 1.32.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). Excelerate Energy had a net margin of 3.40% and a return on equity of 1.68%. The business had revenue of $183.33 million during the quarter, compared to analyst estimates of $259.14 million. During the same period in the previous year, the business posted $0.23 EPS. As a group, research analysts forecast that Excelerate Energy will post 1.14 EPS for the current fiscal year.

Institutional Trading of Excelerate Energy

Institutional investors have recently modified their holdings of the business. Tortoise Capital Advisors L.L.C. increased its holdings in Excelerate Energy by 10.1% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company’s stock worth $15,012,000 after acquiring an additional 74,946 shares during the period. Marshall Wace LLP lifted its holdings in shares of Excelerate Energy by 28.2% during the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock worth $6,241,000 after acquiring an additional 74,491 shares during the last quarter. Scout Investments Inc. grew its position in Excelerate Energy by 1.1% in the first quarter. Scout Investments Inc. now owns 253,480 shares of the company’s stock worth $4,020,000 after acquiring an additional 2,673 shares in the last quarter. Renaissance Technologies LLC increased its stake in Excelerate Energy by 7.9% in the second quarter. Renaissance Technologies LLC now owns 249,282 shares of the company’s stock valued at $4,597,000 after acquiring an additional 18,282 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Excelerate Energy by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 176,334 shares of the company’s stock valued at $3,252,000 after buying an additional 20,661 shares in the last quarter. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

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.