Excelerate Energy (NYSE:EE) Shares Gap Down – Here’s What Happened

Excelerate Energy, Inc. (NYSE:EEGet Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $30.95, but opened at $30.22. Excelerate Energy shares last traded at $29.79, with a volume of 17,116 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EE shares. Stephens increased 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. Barclays raised their price objective on Excelerate Energy from $26.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Northland Securities upped their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. 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 note on Tuesday, January 7th. Finally, Morgan Stanley restated an “underweight” rating and issued a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a report on Friday. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.00.

Read Our Latest Stock Report on EE

Excelerate Energy Stock Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The stock has a market cap of $3.16 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. The business has a 50 day moving average price of $30.67 and a two-hundred day moving average price of $24.83.

Excelerate Energy (NYSE:EEGet Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The business had revenue of $193.42 million during the quarter, compared to analysts’ expectations of $194.09 million. During the same quarter in the prior year, the company posted $0.40 EPS. As a group, equities research analysts forecast that Excelerate Energy, Inc. will post 1.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Quarry LP boosted its stake in shares of Excelerate Energy by 28.9% during the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after purchasing an additional 409 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Excelerate Energy by 11.6% in the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company’s stock worth $246,000 after buying an additional 845 shares during the period. Verition Fund Management LLC boosted its position in Excelerate Energy by 27.8% during the 3rd quarter. Verition Fund Management LLC now owns 17,724 shares of the company’s stock valued at $390,000 after acquiring an additional 3,855 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Excelerate Energy during the 3rd quarter worth approximately $94,000. Finally, US Bancorp DE bought a new position in shares of Excelerate Energy in the 3rd quarter worth approximately $130,000. Hedge funds and other 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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