Excelerate Energy (NYSE:EE) Price Target Raised to $29.00 at Northland Securities

Excelerate Energy (NYSE:EEGet Free Report) had its target price increased by Northland Securities from $25.00 to $29.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ target price would suggest a potential upside of 3.72% from the company’s previous close.

EE has been the topic of several other research reports. Wells Fargo & Company lowered shares of Excelerate Energy from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $20.00 to $19.00 in a research note on Friday, August 30th. Stephens increased their price objective on Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Barclays boosted their target price on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Excelerate Energy currently has a consensus rating of “Moderate Buy” and an average price target of $24.57.

Check Out Our Latest Stock Analysis on Excelerate Energy

Excelerate Energy Price Performance

EE opened at $27.96 on Monday. Excelerate Energy has a 12-month low of $13.38 and a 12-month high of $28.60. The company has a quick ratio of 3.43, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $2.99 billion, a P/E ratio of 28.24 and a beta of 1.28. The stock has a fifty day moving average of $22.17 and a 200-day moving average of $19.75.

Excelerate Energy (NYSE:EEGet Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm had revenue of $193.42 million during the quarter, compared to analyst estimates of $194.09 million. During the same period last year, the company posted $0.40 EPS. Equities analysts forecast that Excelerate Energy will post 1.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC bought a new stake in Excelerate Energy during the second quarter valued at about $26,000. Public Employees Retirement System of Ohio bought a new stake in Excelerate Energy during the 1st quarter valued at approximately $38,000. Allspring Global Investments Holdings LLC acquired a new stake in Excelerate Energy in the 1st quarter valued at approximately $118,000. US Bancorp DE bought a new position in Excelerate Energy in the 3rd quarter worth approximately $130,000. Finally, SG Americas Securities LLC acquired a new position in shares of Excelerate Energy during the third quarter worth approximately $161,000. 21.79% of the stock is owned by institutional investors.

Excelerate Energy Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Excelerate Energy (NYSE:EE)

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