Short Interest in Excelerate Energy, Inc. (NYSE:EE) Rises By 8.7%

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 873,800 shares, a growth of 8.7% from the December 31st total of 803,900 shares. Currently, 3.7% of the company's stock are sold short. Based on an average trading volume of 248,500 shares, the short-interest ratio is presently 3.5 days.

Analysts Set New Price Targets

Several equities analysts recently commented on EE shares. Morgan Stanley reiterated 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. Barclays raised their price target on Excelerate Energy from $26.00 to $31.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Wells Fargo & Company lifted their target price on Excelerate Energy from $19.00 to $22.00 and gave the company an "underweight" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Stephens boosted their price objective on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $31.00.

Institutional Trading of Excelerate Energy

A number of large investors have recently made changes to their positions in EE. Dimensional Fund Advisors LP boosted 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 worth $3,252,000 after buying an additional 20,661 shares during the last quarter. Mackenzie Financial Corp boosted its position in Excelerate Energy by 160.3% in the second quarter. Mackenzie Financial Corp now owns 55,580 shares of the company's stock worth $1,025,000 after purchasing an additional 34,228 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of 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 purchasing an additional 31,892 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Excelerate Energy during the 3rd quarter valued at about $161,000. Finally, Kings Path Partners LLC purchased a new position in shares of Excelerate Energy in the third quarter worth approximately $715,000. 21.79% of the stock is currently owned by institutional investors.

Excelerate Energy Trading Up 1.3 %

Shares of EE traded up $0.39 during mid-day trading on Wednesday, reaching $31.17. The company's stock had a trading volume of 107,311 shares, compared to its average volume of 202,547. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy has a 52 week low of $13.38 and a 52 week high of $32.99. The company's fifty day moving average price is $30.69 and its two-hundred day moving average price is $25.06. The stock has a market cap of $3.31 billion, a PE ratio of 31.49, a P/E/G ratio of 1.90 and a beta of 1.41.

Excelerate Energy (NYSE:EE - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share 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 for the quarter, compared to analyst estimates of $194.09 million. During the same period last year, the company earned $0.40 EPS. On average, analysts predict that Excelerate Energy will post 1.18 earnings per share for the current fiscal year.

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.