Excelerate Energy (NYSE:EE) Hits New 52-Week High - What's Next?

Excelerate Energy, Inc. (NYSE:EE - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $24.12 and last traded at $24.12, with a volume of 32710 shares. The stock had previously closed at $23.65.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Northland Securities boosted their target price on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, August 12th. Stephens lifted their target price on shares of Excelerate Energy from $21.00 to $28.00 and gave the company an "overweight" rating in a report on Friday, October 11th. Barclays raised their price target on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company lowered shares of Excelerate Energy from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $20.00 to $19.00 in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $23.57.

Excelerate Energy Stock Up 1.0 %

The company has a debt-to-equity ratio of 0.35, a current ratio of 3.43 and a quick ratio of 3.43. The business's 50 day moving average price is $21.23 and its 200 day moving average price is $19.22. The firm has a market cap of $2.56 billion, a PE ratio of 23.14 and a beta of 1.32.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). The firm had revenue of $183.33 million for the quarter, compared to analysts' expectations of $259.14 million. Excelerate Energy had a return on equity of 1.68% and a net margin of 3.40%. During the same quarter last year, the firm posted $0.23 earnings per share. On average, equities research analysts expect that Excelerate Energy, Inc. will post 1.14 earnings per share for the current year.

Hedge Funds Weigh In On Excelerate Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. nVerses Capital LLC purchased a new position in Excelerate Energy in the 2nd quarter worth approximately $26,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Excelerate Energy in the first quarter valued at approximately $38,000. US Bancorp DE purchased a new position in Excelerate Energy during the third quarter worth approximately $130,000. SG Americas Securities LLC acquired a new position in Excelerate Energy during the third quarter worth $161,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Excelerate Energy in the 1st quarter valued at $118,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

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.