Excelerate Energy, Inc. (NYSE:EE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Excelerate Energy, Inc. (NYSE:EE) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $32.6250.

EE has been the subject of several recent analyst reports. Wall Street Zen upgraded Excelerate Energy from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Excelerate Energy in a research report on Monday, December 29th. Jefferies Financial Group boosted their price target on shares of Excelerate Energy from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Tudor Pickering raised shares of Excelerate Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 17th. Finally, Raymond James Financial upgraded shares of Excelerate Energy from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research note on Monday, January 5th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EE. PNC Financial Services Group Inc. grew its holdings in Excelerate Energy by 19.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,438 shares of the company’s stock worth $61,000 after acquiring an additional 392 shares during the last quarter. Bailard Inc. lifted its position in shares of Excelerate Energy by 1.6% during the third quarter. Bailard Inc. now owns 25,500 shares of the company’s stock worth $642,000 after purchasing an additional 400 shares in the last quarter. Summit Global Investments grew its stake in shares of Excelerate Energy by 3.2% during the third quarter. Summit Global Investments now owns 12,973 shares of the company’s stock valued at $327,000 after purchasing an additional 406 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of Excelerate Energy by 32.8% during the third quarter. New York State Teachers Retirement System now owns 2,081 shares of the company’s stock valued at $52,000 after purchasing an additional 514 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Excelerate Energy by 31.3% in the second quarter. Ameritas Investment Partners Inc. now owns 2,352 shares of the company’s stock valued at $69,000 after purchasing an additional 561 shares in the last quarter. 21.79% of the stock is owned by institutional investors.

Excelerate Energy Stock Performance

NYSE:EE opened at $36.72 on Friday. The firm has a market capitalization of $4.19 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 1.46 and a beta of 1.36. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.56. Excelerate Energy has a 12-month low of $21.28 and a 12-month high of $37.44. The firm has a 50-day moving average price of $29.56 and a 200 day moving average price of $26.84.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.13. Excelerate Energy had a return on equity of 4.34% and a net margin of 3.46%.The company had revenue of $391.04 million for the quarter, compared to analyst estimates of $270.82 million. The firm’s quarterly revenue was up 102.2% on a year-over-year basis. Research analysts anticipate that Excelerate Energy will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 11th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

About Excelerate Energy

Excelerate Energy (NYSE: EE) is a Houston?based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on?shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.