Excelerate Energy (NYSE:EE) Given New $22.00 Price Target at Wells Fargo & Company

Excelerate Energy (NYSE:EE - Get Free Report) had its target price boosted by Wells Fargo & Company from $19.00 to $22.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. Wells Fargo & Company's target price points to a potential downside of 21.32% from the stock's previous close.

A number of other equities research analysts also recently issued reports on the company. Barclays upped their price objective on Excelerate Energy from $22.00 to $26.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Stephens raised their price target on Excelerate Energy from $21.00 to $28.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. Finally, Northland Securities lifted their price objective on shares of Excelerate Energy from $25.00 to $29.00 and gave the company an "outperform" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.57.

Excelerate Energy Trading Up 0.2 %

Excelerate Energy stock traded up $0.05 during trading hours on Tuesday, reaching $27.96. The company had a trading volume of 270,597 shares, compared to its average volume of 214,306. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 3.43. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 28.19 and a beta of 1.28. The company has a 50-day moving average price of $22.17 and a 200 day moving average price of $19.75. Excelerate Energy has a 12-month low of $13.38 and a 12-month high of $28.60.

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

Institutional Investors Weigh In On Excelerate Energy

Several large investors have recently modified their holdings of the stock. nVerses Capital LLC acquired a new stake in shares of Excelerate Energy in the second quarter worth $26,000. Public Employees Retirement System of Ohio purchased a new stake in Excelerate Energy during the 1st quarter worth $38,000. US Bancorp DE acquired a new stake in shares of Excelerate Energy during the third quarter worth approximately $130,000. SG Americas Securities LLC bought a new position in Excelerate Energy during the 3rd quarter worth approximately $161,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Excelerate Energy during the 1st quarter valued at about $118,000. 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.