Excelerate Energy (NYSE:EE) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Excelerate Energy (NYSE:EE - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.08, Zacks reports. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The firm had revenue of $274.57 million for the quarter, compared to analyst estimates of $201.62 million.

Excelerate Energy Price Performance

Shares of NYSE:EE traded up $1.21 during trading on Friday, reaching $30.61. The company had a trading volume of 433,776 shares, compared to its average volume of 206,766. The firm's fifty day moving average is $30.27 and its 200 day moving average is $26.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The firm has a market capitalization of $3.25 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 5.82 and a beta of 1.41. Excelerate Energy has a twelve month low of $13.80 and a twelve month high of $32.99.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. Excelerate Energy's dividend payout ratio (DPR) is 19.20%.

Analyst Ratings Changes

EE has been the topic of a number of research reports. Northland Securities increased their price target on Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. 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 report on Tuesday, November 12th. Barclays boosted their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Stephens raised their price target 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 given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $31.17.

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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.