FY2024 EPS Estimate for Excelerate Energy Lowered by Analyst

Excelerate Energy, Inc. (NYSE:EE) – Research analysts at Northland Capmk lowered their FY2024 earnings estimates for Excelerate Energy in a research report issued to clients and investors on Monday, January 27th. Northland Capmk analyst B. Brooks now anticipates that the company will post earnings per share of $1.14 for the year, down from their prior forecast of $1.18. The consensus estimate for Excelerate Energy’s current full-year earnings is $1.22 per share. Northland Capmk also issued estimates for Excelerate Energy’s Q4 2024 earnings at $0.29 EPS, Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $1.20 EPS.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The company had revenue of $193.42 million for the quarter, compared to the consensus estimate of $194.09 million. During the same quarter last year, the business posted $0.40 EPS.

Several other equities research analysts also recently commented on EE. Wells Fargo & Company lifted their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Barclays lifted their price target on shares of Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Northland Securities raised their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Morgan Stanley upped their price target on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Excelerate Energy presently has a consensus rating of “Hold” and a consensus target price of $30.33.

Excelerate Energy Stock Performance

Shares of EE stock opened at $30.68 on Wednesday. The business’s 50-day moving average price is $30.66 and its 200-day moving average price is $24.68. Excelerate Energy has a 12 month low of $13.38 and a 12 month high of $32.99. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 1.93 and a beta of 1.42.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Marshall Wace LLP grew its stake in Excelerate Energy by 28.2% during the second quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock worth $6,241,000 after purchasing an additional 74,491 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Excelerate Energy during the 3rd quarter worth approximately $4,385,000. Jacobs Levy Equity Management Inc. grew its position in shares of Excelerate Energy by 40.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company’s stock worth $3,966,000 after buying an additional 52,007 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Excelerate Energy by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 176,334 shares of the company’s stock valued at $3,252,000 after acquiring an additional 20,661 shares in the last quarter. Finally, Algert Global LLC lifted its position in shares of Excelerate Energy by 13.7% during the 3rd quarter. Algert Global LLC now owns 118,093 shares of the company’s stock valued at $2,599,000 after acquiring an additional 14,253 shares during the period. 21.79% of the stock is owned by 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.