Excelerate Energy's (EE) "Underweight" Rating Reiterated at Morgan Stanley

Excelerate Energy (NYSE:EE - Get Free Report)'s stock had its "underweight" rating reiterated by equities research analysts at Morgan Stanley in a research note issued on Friday,Benzinga reports. They presently have a $29.00 price target on the stock, up from their previous price target of $25.00. Morgan Stanley's price target suggests a potential downside of 5.92% from the stock's current price.

Several other equities research analysts have also commented on EE. Barclays boosted their price objective on shares of Excelerate Energy from $26.00 to $31.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Stephens upped their price target on Excelerate Energy from $28.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Northland Securities lifted their price objective on Excelerate Energy from $29.00 to $37.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Wells Fargo & Company raised their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an "underweight" rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Three research 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 MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $31.00.

Excelerate Energy Trading Up 1.7 %

Shares of EE traded up $0.52 during trading hours on Friday, reaching $30.82. 121,422 shares of the company traded hands, compared to its average volume of 203,410. Excelerate Energy has a 12 month low of $13.38 and a 12 month high of $32.99. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The company's fifty day moving average price is $30.68 and its two-hundred day moving average price is $24.99. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its 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. The firm had revenue of $193.42 million for the quarter, compared to the consensus estimate of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same quarter in the prior year, the business earned $0.40 EPS. Equities research analysts predict that Excelerate Energy will post 1.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quarry LP lifted its position in shares of Excelerate Energy by 28.9% in the third quarter. Quarry LP now owns 1,822 shares of the company's stock valued at $40,000 after acquiring an additional 409 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Excelerate Energy by 11.6% during the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock worth $246,000 after acquiring an additional 845 shares during the last quarter. Verition Fund Management LLC grew its stake in Excelerate Energy by 27.8% during the third quarter. Verition Fund Management LLC now owns 17,724 shares of the company's stock valued at $390,000 after acquiring an additional 3,855 shares in the last quarter. Quantbot Technologies LP bought a new stake in Excelerate Energy in the 3rd quarter valued at $94,000. Finally, US Bancorp DE purchased a new stake in Excelerate Energy in the 3rd quarter worth $130,000. 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.