Excelerate Energy (EE) to Release Earnings on Wednesday

Excelerate Energy (NYSE:EE) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Excelerate Energy to post earnings of $0.20 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Excelerate Energy (NYSE:EE) last posted its earnings results on Wednesday, February 28th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The company had revenue of $240.06 million for the quarter, compared to the consensus estimate of $265.31 million. Excelerate Energy had a return on equity of 1.83% and a net margin of 2.62%. 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

NYSE EE opened at $16.86 on Wednesday. The firm’s fifty day moving average price is $15.67 and its two-hundred day moving average price is $15.61. The stock has a market cap of $1.83 billion, a PE ratio of 16.37 and a beta of 1.41. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $22.42. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.42 and a current ratio of 3.43.

Excelerate Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were paid a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.10 annualized dividend and a dividend yield of 0.59%. Excelerate Energy’s dividend payout ratio is 9.71%.

Wall Street Analyst Weigh In

EE has been the topic of a number of research analyst reports. Raymond James cut their price target on shares of Excelerate Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Morgan Stanley dropped their price objective on shares of Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 13th. Stephens initiated coverage on shares of Excelerate Energy in a report on Tuesday. They set an “overweight” rating and a $21.00 price objective on the stock. StockNews.com upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 9th. Finally, Northland Securities initiated coverage on shares of Excelerate Energy in a report on Monday, February 26th. They set an “outperform” rating and a $23.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

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.