Excelerate Energy (NYSE:EE) Upgraded by Tudor Pickering to Strong-Buy Rating

Excelerate Energy (NYSE:EE) was upgraded by research analysts at Tudor Pickering from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Excelerate Energy in a report on Monday. Jefferies Financial Group set a $37.00 target price on shares of Excelerate Energy and gave the stock a “buy” rating in a research report on Tuesday, October 28th. DNB Markets set a $31.00 target price on shares of Excelerate Energy in a research note on Wednesday, September 10th. Citigroup reiterated an “outperform” rating on shares of Excelerate Energy in a report on Wednesday, August 13th. Finally, Wells Fargo & Company set a $26.00 price target on shares of Excelerate Energy in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Excelerate Energy has a consensus rating of “Moderate Buy” and a consensus target price of $32.38.

Excelerate Energy Price Performance

NYSE:EE opened at $27.26 on Monday. The business’s 50-day simple moving average is $26.05 and its two-hundred day simple moving average is $26.66. Excelerate Energy has a 52 week low of $21.28 and a 52 week high of $32.99. The stock has a market cap of $3.11 billion, a PE ratio of 18.93, a P/E/G ratio of 1.05 and a beta of 1.38. 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 (NYSE:EE) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.13. The firm had revenue of $245.16 million during the quarter, compared to analyst estimates of $270.82 million. Excelerate Energy had a return on equity of 4.34% and a net margin of 3.46%.The business’s revenue for the quarter was up 102.2% on a year-over-year basis. As a group, analysts forecast that Excelerate Energy will post 1.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EE. AlphaQuest LLC purchased a new position in Excelerate Energy in the 2nd quarter worth about $30,000. State of Alaska Department of Revenue bought a new position in Excelerate Energy in the 3rd quarter worth about $30,000. Aster Capital Management DIFC Ltd bought a new position in Excelerate Energy in the 3rd quarter worth about $38,000. Tower Research Capital LLC TRC increased its position in shares of Excelerate Energy by 157.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock worth $57,000 after acquiring an additional 1,186 shares during the period. Finally, Quarry LP raised its stake in shares of Excelerate Energy by 89.6% during the first quarter. Quarry LP now owns 1,997 shares of the company’s stock valued at $57,000 after acquiring an additional 944 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors.

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.