Barclays Boosts Excelerate Energy (NYSE:EE) Price Target to $31.00

Excelerate Energy (NYSE:EE) had its target price upped by research analysts at Barclays from $26.00 to $31.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 4.34% from the stock’s previous close.

Several other brokerages have also weighed in on EE. Northland Securities increased their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Stephens raised their target price on Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company increased their price target on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Finally, Morgan Stanley increased their price objective on Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $29.43.

Excelerate Energy Price Performance

Shares of NYSE EE opened at $29.71 on Monday. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 30.01, a price-to-earnings-growth ratio of 2.32 and a beta of 1.42. The business has a 50 day simple moving average of $29.58 and a 200-day simple moving average of $23.60. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy has a twelve month low of $13.38 and a twelve month high of $32.26.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. During the same period last year, the company earned $0.40 earnings per share. As a group, equities research analysts expect that Excelerate Energy will post 1.23 earnings per share for the current year.

Institutional Trading of Excelerate Energy

Several institutional investors have recently modified their holdings of EE. PDT Partners LLC boosted its stake in Excelerate Energy by 85.5% in the 3rd quarter. PDT Partners LLC now owns 46,971 shares of the company’s stock valued at $1,034,000 after buying an additional 21,645 shares in the last quarter. Barclays PLC raised its position in Excelerate Energy by 299.8% in the 3rd quarter. Barclays PLC now owns 26,822 shares of the company’s stock valued at $591,000 after purchasing an additional 20,113 shares during the last quarter. Victory Capital Management Inc. bought a new position in Excelerate Energy in the 3rd quarter valued at $214,000. US Bancorp DE bought a new position in Excelerate Energy in the 3rd quarter valued at $130,000. Finally, Cubist Systematic Strategies LLC raised its position in Excelerate Energy by 836.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 35,707 shares of the company’s stock valued at $658,000 after purchasing an additional 31,892 shares during the last quarter. Institutional investors and hedge funds 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.