Excelerate Energy (NYSE:EE) Stock Price Expected to Rise, Northland Securities Analyst Says

Excelerate Energy (NYSE:EE - Get Free Report) had its target price lifted by investment analysts at Northland Securities from $29.00 to $37.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Northland Securities' price target indicates a potential upside of 27.67% from the stock's current price.

A number of other analysts have also recently issued reports on EE. Morgan Stanley increased their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. Wells Fargo & Company raised their price target on Excelerate Energy from $19.00 to $22.00 and gave the company an "underweight" rating in a report on Tuesday, November 12th. Stephens upped their price objective on Excelerate Energy from $28.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Finally, Barclays increased their target price on Excelerate Energy from $22.00 to $26.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $28.33.

Excelerate Energy Stock Performance

Shares of EE stock traded down $1.79 on Wednesday, reaching $28.98. The stock had a trading volume of 352,164 shares, compared to its average volume of 220,296. The stock has a market cap of $3.08 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. Excelerate Energy has a 1 year low of $13.38 and a 1 year high of $32.25. The company has a 50 day simple moving average of $27.14 and a 200 day simple moving average of $22.00.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating 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 company had revenue of $193.42 million during the quarter, compared to analyst estimates of $194.09 million. During the same period in the previous year, the business posted $0.40 earnings per share. Equities research analysts expect that Excelerate Energy will post 1.23 EPS for the current year.

Institutional Trading of Excelerate Energy

Large investors have recently made changes to their positions in the business. Tortoise Capital Advisors L.L.C. lifted its position in Excelerate Energy by 10.1% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company's stock worth $15,012,000 after buying an additional 74,946 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Excelerate Energy by 28.2% in the second quarter. Marshall Wace LLP now owns 338,465 shares of the company's stock valued at $6,241,000 after acquiring an additional 74,491 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Excelerate Energy by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 249,282 shares of the company's stock worth $4,597,000 after acquiring an additional 18,282 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Excelerate Energy in the 3rd quarter worth about $4,385,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Excelerate Energy by 40.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company's stock worth $3,966,000 after purchasing an additional 52,007 shares during the period. 21.79% of the stock is currently owned by institutional investors.

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.