Excelerate Energy (NYSE:EE) Shares Gap Down - Should You Sell?

Shares of Excelerate Energy, Inc. (NYSE:EE - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $30.95, but opened at $30.22. Excelerate Energy shares last traded at $29.79, with a volume of 17,116 shares traded.

Analyst Ratings Changes

Several research firms recently weighed in on EE. Wells Fargo & Company increased their target price 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. Stephens raised their price objective on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Morgan Stanley reaffirmed an "underweight" rating and set a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Northland Securities increased their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. 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 company's stock. According to data from MarketBeat, Excelerate Energy has an average rating of "Hold" and a consensus target price of $31.00.

Excelerate Energy Stock Up 1.7 %

The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 1.90 and a beta of 1.41. The firm has a 50-day moving average price of $30.68 and a two-hundred day moving average price of $24.99.

Excelerate Energy (NYSE:EE - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $194.09 million. During the same quarter in the prior year, the firm posted $0.40 EPS. As a group, sell-side analysts anticipate that Excelerate Energy, Inc. will post 1.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Excelerate Energy

Several hedge funds have recently modified their holdings of the stock. Quarry LP raised its holdings in Excelerate Energy by 28.9% during the third quarter. Quarry LP now owns 1,822 shares of the company's stock worth $40,000 after acquiring an additional 409 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Excelerate Energy during the 3rd quarter worth approximately $94,000. US Bancorp DE acquired a new stake in shares of Excelerate Energy in the 3rd quarter valued at approximately $130,000. SG Americas Securities LLC bought a new position in shares of Excelerate Energy in the third quarter valued at $161,000. Finally, Janus Henderson Group PLC bought a new position in shares of Excelerate Energy in the third quarter valued at $200,000. Institutional investors own 21.79% of the company's stock.

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.