Excelerate Energy (EE) Scheduled to Post Quarterly Earnings on Wednesday

Excelerate Energy (NYSE:EE - Get Free Report) is set to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Excelerate Energy (NYSE:EE - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.06). The company had revenue of $183.33 million for the quarter, compared to analysts' expectations of $259.14 million. Excelerate Energy had a net margin of 3.40% and a return on equity of 1.68%. During the same quarter in the previous year, the business posted $0.23 EPS. On average, analysts expect Excelerate Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Excelerate Energy Stock Performance

Excelerate Energy stock traded up $0.22 during midday trading on Wednesday, hitting $23.70. 212,976 shares of the company were exchanged, compared to its average volume of 209,160. The business has a fifty day simple moving average of $21.23 and a two-hundred day simple moving average of $19.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.43 and a current ratio of 3.43. The firm has a market capitalization of $2.54 billion, a PE ratio of 22.79 and a beta of 1.32. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $24.12.

Excelerate Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were paid a $0.025 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.42%. Excelerate Energy's dividend payout ratio is presently 9.62%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Barclays lifted their target price 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. Wells Fargo & Company cut Excelerate Energy from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $20.00 to $19.00 in a report on Friday, August 30th. Northland Securities increased their target price on Excelerate Energy from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Monday, August 12th. Finally, Stephens lifted their price target on Excelerate Energy from $21.00 to $28.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Excelerate Energy presently has an average rating of "Moderate Buy" and an average price target of $23.57.

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.