Excelerate Energy, Inc. (NYSE:EE) Receives Consensus Recommendation of "Hold" from Brokerages

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) has been given an average rating of "Hold" by the six brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $31.00.

Several research analysts have recently commented on EE shares. Morgan Stanley reaffirmed an "underweight" rating and issued a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Stephens raised their target price on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Barclays upped their price target on shares of Excelerate Energy from $26.00 to $31.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Wells Fargo & Company increased their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an "underweight" rating in a research note on Tuesday, November 12th. Finally, Northland Securities upped their target price on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a report on Wednesday, December 18th.

Excelerate Energy Stock Performance

EE stock traded down $0.93 during trading on Friday, reaching $29.59. The stock had a trading volume of 150,672 shares, compared to its average volume of 200,606. The firm has a market cap of $3.14 billion, a PE ratio of 29.89, a PEG ratio of 1.96 and a beta of 1.41. 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 stock's 50 day moving average is $30.69 and its two-hundred day moving average is $25.45. Excelerate Energy has a 52 week low of $13.38 and a 52 week high of $32.99.

Hedge Funds Weigh In On Excelerate Energy

A number of large investors have recently bought and sold shares of EE. Cubist Systematic Strategies LLC lifted its holdings in Excelerate Energy by 836.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 35,707 shares of the company's stock valued at $658,000 after buying an additional 31,892 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Excelerate Energy during the third quarter worth approximately $161,000. Kings Path Partners LLC bought a new stake in shares of Excelerate Energy during the third quarter valued at approximately $715,000. US Bancorp DE purchased a new stake in shares of Excelerate Energy in the third quarter valued at approximately $130,000. Finally, Van ECK Associates Corp grew its stake in Excelerate Energy by 111.7% in the third quarter. Van ECK Associates Corp now owns 16,197 shares of the company's stock worth $380,000 after purchasing an additional 8,547 shares in the last quarter. Hedge funds and other institutional investors own 21.79% of the company's stock.

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.