Barclays Forecasts Strong Price Appreciation for Excelerate Energy (NYSE:EE) Stock

Excelerate Energy (NYSE:EE - Get Free Report) had its price objective lifted by stock analysts at Barclays from $26.00 to $31.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's target price indicates a potential upside of 3.68% from the company's current price.

EE has been the subject of several other research reports. Morgan Stanley increased their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an "equal weight" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. restated 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. Northland Securities upped their price objective on Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a report on Wednesday, December 18th. Wells Fargo & Company upped their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an "underweight" rating in a research note on Tuesday, November 12th. Finally, Stephens lifted their price objective 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. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Excelerate Energy has a consensus rating of "Hold" and an average price target of $29.43.

Excelerate Energy Trading Up 0.6 %

NYSE EE traded up $0.17 during trading on Monday, hitting $29.90. 191,186 shares of the company's stock traded hands, compared to its average volume of 242,098. The stock has a fifty day moving average of $29.58 and a two-hundred day moving average of $23.60. Excelerate Energy has a 12-month low of $13.38 and a 12-month high of $32.26. The firm has a market cap of $3.18 billion, a P/E ratio of 30.20, a PEG ratio of 2.32 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The firm had revenue of $193.42 million during the quarter, compared to analysts' expectations of $194.09 million. During the same period last year, the company posted $0.40 EPS. As a group, sell-side analysts expect that Excelerate Energy will post 1.23 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP grew its holdings in shares of Excelerate Energy by 28.9% during the third quarter. Quarry LP now owns 1,822 shares of the company's stock valued at $40,000 after purchasing an additional 409 shares during the last quarter. Rhumbline Advisers grew its stake in Excelerate Energy by 9.6% during the 2nd quarter. Rhumbline Advisers now owns 29,243 shares of the company's stock worth $539,000 after buying an additional 2,553 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its position in Excelerate Energy by 5.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 58,203 shares of the company's stock worth $1,073,000 after buying an additional 2,900 shares during the period. Verition Fund Management LLC lifted its position in Excelerate Energy by 27.8% in the 3rd quarter. Verition Fund Management LLC now owns 17,724 shares of the company's stock valued at $390,000 after purchasing an additional 3,855 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Excelerate Energy in the 3rd quarter worth approximately $94,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

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.