Short Interest in Excelerate Energy, Inc. (NYSE:EE) Increases By 8.0%

Excelerate Energy, Inc. (NYSE:EE) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 943,600 shares, a growth of 8.0% from the January 15th total of 874,000 shares. Approximately 4.0% of the shares of the company are short sold. Based on an average trading volume of 239,900 shares, the short-interest ratio is presently 3.9 days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays upped their price target on Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Northland Securities increased their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. restated an “underweight” rating and set a $31.00 price objective (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Morgan Stanley reiterated an “underweight” rating and issued a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Finally, Wells Fargo & Company boosted their price target on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Excelerate Energy currently has a consensus rating of “Hold” and an average price target of $31.00.

Hedge Funds Weigh In On Excelerate Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in Excelerate Energy during the 4th quarter valued at about $27,000. Aquatic Capital Management LLC acquired a new stake in shares of Excelerate Energy during the fourth quarter worth approximately $33,000. Quarry LP raised its stake in shares of Excelerate Energy by 28.9% in the third quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after acquiring an additional 409 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Excelerate Energy by 28.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company’s stock worth $54,000 after acquiring an additional 400 shares in the last quarter. Finally, 10Elms LLP bought a new stake in Excelerate Energy during the 4th quarter worth approximately $76,000. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Price Performance

NYSE:EE traded up $0.37 during mid-day trading on Tuesday, hitting $29.49. The company’s stock had a trading volume of 187,650 shares, compared to its average volume of 197,337. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 1.96 and a beta of 1.41. 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 fifty-two week low of $13.39 and a fifty-two week high of $32.99. The stock has a fifty day moving average of $30.55 and a 200-day moving average of $25.73.

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.