Excelerate Energy (NYSE:EE) Stock Rating Lowered by StockNews.com

Excelerate Energy (NYSE:EE) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

EE has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their target price on shares of Excelerate Energy from $28.00 to $27.00 in a research report on Wednesday, July 12th. Barclays cut their target price on shares of Excelerate Energy from $30.00 to $26.00 in a research report on Tuesday, July 18th. Morgan Stanley cut their price objective on shares of Excelerate Energy from $33.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 25th. Finally, Raymond James cut their price objective on shares of Excelerate Energy from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $28.17.

Excelerate Energy Trading Up 7.0 %

EE stock opened at $17.17 on Thursday. The company has a market capitalization of $1.86 billion, a PE ratio of 15.06 and a beta of 1.36. Excelerate Energy has a 12 month low of $13.70 and a 12 month high of $31.13. The firm’s 50-day moving average is $16.48 and its 200 day moving average is $18.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.56 and a quick ratio of 3.41.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.08). The company had revenue of $432.37 million during the quarter, compared to analysts’ expectations of $255.68 million. Excelerate Energy had a return on equity of 2.05% and a net margin of 2.42%. On average, research analysts anticipate that Excelerate Energy will post 1.05 EPS for the current year.

Institutional Trading of Excelerate Energy

Institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG lifted its stake in Excelerate Energy by 87.7% during the 3rd quarter. Deutsche Bank AG now owns 13,245 shares of the company’s stock valued at $226,000 after acquiring an additional 6,189 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Excelerate Energy by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 138,976 shares of the company’s stock valued at $2,368,000 after acquiring an additional 8,211 shares during the last quarter. Swiss National Bank lifted its position in shares of Excelerate Energy by 2.0% during the third quarter. Swiss National Bank now owns 40,400 shares of the company’s stock worth $688,000 after purchasing an additional 800 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Excelerate Energy by 64.4% during the third quarter. Victory Capital Management Inc. now owns 18,152 shares of the company’s stock worth $309,000 after purchasing an additional 7,108 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its stake in shares of Excelerate Energy by 40.7% during the third quarter. Panagora Asset Management Inc. now owns 20,142 shares of the company’s stock worth $343,000 after buying an additional 5,830 shares during the period. 21.78% of the stock is currently owned by institutional investors and hedge funds.

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; natural gas supply to-power projects; and a suite of smaller-scale gas distribution solutions.