JPMorgan Chase & Co. Reaffirms Underweight Rating for Excelerate Energy (NYSE:EE)

Excelerate Energy (NYSE:EE)‘s stock had its “underweight” rating reiterated by analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday, Marketbeat reports. They presently have a $31.00 price target on the stock, up from their previous price target of $22.00. JPMorgan Chase & Co.‘s price objective points to a potential upside of 5.30% from the company’s current price.

Several other brokerages also recently issued reports on EE. Barclays raised their target price on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Northland Securities boosted their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Wells Fargo & Company raised their price target on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Morgan Stanley upped their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Finally, Stephens boosted their price objective on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $28.71.

Excelerate Energy Trading Down 0.5 %

Shares of NYSE:EE opened at $29.44 on Tuesday. The company’s 50-day moving average price is $29.36 and its two-hundred day moving average price is $23.40. Excelerate Energy has a one year low of $13.38 and a one year high of $32.26. 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 capitalization of $3.13 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 2.28 and a beta of 1.42.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $193.42 million for the quarter, compared to analysts’ expectations of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same quarter in the prior year, the business posted $0.40 EPS. On average, equities analysts forecast that Excelerate Energy will post 1.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Excelerate Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Excelerate Energy during the third quarter worth $4,385,000. Algert Global LLC bought a new stake in Excelerate Energy in the second quarter worth $1,915,000. Massachusetts Financial Services Co. MA purchased a new stake in Excelerate Energy during the 2nd quarter valued at about $1,569,000. Marshall Wace LLP grew its position in Excelerate Energy by 28.2% during the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock worth $6,241,000 after acquiring an additional 74,491 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in Excelerate Energy by 40.6% in the 3rd 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 during the period. Institutional investors and hedge funds own 21.79% of the company’s stock.

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.