What is Northland Capmk’s Estimate for EE FY2024 Earnings?

Excelerate Energy, Inc. (NYSE:EEFree Report) – Northland Capmk decreased their FY2024 earnings estimates for shares of Excelerate Energy in a research report issued to clients and investors on Monday, January 27th. Northland Capmk analyst B. Brooks now expects that the company will earn $1.14 per share for the year, down from their prior forecast of $1.18. The consensus estimate for Excelerate Energy’s current full-year earnings is $1.22 per share. Northland Capmk also issued estimates for Excelerate Energy’s Q4 2024 earnings at $0.29 EPS, Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $1.20 EPS.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. reissued an “underweight” rating and set a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Morgan Stanley increased their target price on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Barclays lifted their price target on shares of Excelerate Energy from $26.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Wells Fargo & Company boosted their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Finally, Northland Securities raised their target price on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.33.

Check Out Our Latest Stock Report on EE

Excelerate Energy Trading Up 0.7 %

NYSE:EE opened at $30.92 on Wednesday. The company has a market cap of $3.29 billion, a PE ratio of 31.23, a P/E/G ratio of 1.93 and a beta of 1.42. The business’s 50 day moving average is $30.68 and its two-hundred day moving average is $24.72. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy has a 52 week low of $13.38 and a 52 week high of $32.99.

Excelerate Energy (NYSE:EEGet Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $193.42 million for the quarter, compared to analysts’ expectations of $194.09 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. During the same quarter last year, the company posted $0.40 earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EE. Marshall Wace LLP boosted its position in shares of Excelerate Energy by 28.2% during the second quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock worth $6,241,000 after buying an additional 74,491 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in Excelerate Energy during the 3rd quarter worth $4,385,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Excelerate Energy by 40.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company’s stock worth $3,966,000 after purchasing an additional 52,007 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Excelerate Energy by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 176,334 shares of the company’s stock worth $3,252,000 after purchasing an additional 20,661 shares in the last quarter. Finally, Algert Global LLC raised its stake in shares of Excelerate Energy by 13.7% during the third quarter. Algert Global LLC now owns 118,093 shares of the company’s stock valued at $2,599,000 after purchasing an additional 14,253 shares in the last quarter. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Company Profile

(Get Free Report)

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.

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