Excelerate Energy (EE) to Release Quarterly Earnings on Wednesday

Excelerate Energy (NYSE:EE) will announce 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The business had revenue of $183.33 million during the quarter, compared to analyst estimates of $259.14 million. Excelerate Energy had a net margin of 3.40% and a return on equity of 1.68%. During the same period last year, the company earned $0.23 earnings per share. 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 Stock Performance

Shares of EE opened at $24.28 on Monday. The stock has a 50 day moving average price of $21.41 and a 200 day moving average price of $19.37. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 23.35 and a beta of 1.28. Excelerate Energy has a 52-week low of $13.38 and a 52-week high of $24.74.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.99%. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s payout ratio is currently 23.08%.

Analysts Set New Price Targets

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