Northland Capmk Analysts Decrease Earnings Estimates for EE

Excelerate Energy, Inc. (NYSE:EE) – Analysts at Northland Capmk dropped their FY2024 earnings per share estimates for shares of Excelerate Energy in a research note issued to investors on Monday, January 27th. Northland Capmk analyst B. Brooks now forecasts that the company will post earnings per share of $1.14 for the year, down from their prior estimate 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.

Excelerate Energy (NYSE:EE) last released its earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm had revenue of $193.42 million during the quarter, compared to analyst estimates of $194.09 million. During the same period in the prior year, the firm posted $0.40 earnings per share.

A number of other brokerages have also recently weighed in on EE. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Morgan Stanley boosted their target price on Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Stephens increased their target price on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Northland Securities lifted their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Finally, Barclays boosted their price objective on shares of Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.33.

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 P/E ratio of 31.23, a P/E/G ratio of 1.93 and a beta of 1.42. Excelerate Energy has a 12 month low of $13.38 and a 12 month high of $32.99. 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 company has a 50-day moving average of $30.68 and a 200-day moving average of $24.72.

Institutional Trading of Excelerate Energy

Several large investors have recently bought and sold shares of EE. SG Americas Securities LLC boosted its stake in shares of Excelerate Energy by 11.6% in the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company’s stock valued at $246,000 after purchasing an additional 845 shares during the period. Ritholtz Wealth Management acquired a new position in Excelerate Energy in the 4th quarter worth $580,000. Contravisory Investment Management Inc. purchased a new position in Excelerate Energy in the 4th quarter valued at about $342,000. JPMorgan Chase & Co. grew its stake in shares of Excelerate Energy by 34.4% during the third quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock valued at $1,102,000 after acquiring an additional 12,802 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Excelerate Energy by 299.8% during the third quarter. Barclays PLC now owns 26,822 shares of the company’s stock worth $591,000 after acquiring an additional 20,113 shares during the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

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.