Excelerate Energy (NYSE:EE) Earns Overweight Rating from Stephens

Excelerate Energy (NYSE:EE)‘s stock had its “overweight” rating reiterated by analysts at Stephens in a note issued to investors on Monday,Benzinga reports. They presently have a $36.00 target price on the stock. Stephens’ target price suggests a potential upside of 19.25% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Morgan Stanley reiterated an “underweight” rating and issued a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Barclays raised their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Northland Securities raised their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company increased their price objective on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.17.

Excelerate Energy Price Performance

Excelerate Energy stock opened at $30.19 on Monday. Excelerate Energy has a 52 week low of $14.88 and a 52 week high of $32.99. The company’s 50 day moving average price is $30.27 and its two-hundred day moving average price is $26.52. The stock has a market cap of $3.21 billion, a P/E ratio of 30.49, a P/E/G ratio of 5.82 and a beta of 1.41. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34.

Hedge Funds Weigh In On Excelerate Energy

Hedge funds have recently made changes to their positions in the stock. TimesSquare Capital Management LLC bought a new position in Excelerate Energy in the 4th quarter worth about $13,854,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Excelerate Energy by 16.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 435,293 shares of the company’s stock worth $13,168,000 after buying an additional 60,691 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Excelerate Energy by 14.1% in the fourth quarter. Renaissance Technologies LLC now owns 358,219 shares of the company’s stock valued at $10,836,000 after acquiring an additional 44,400 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Excelerate Energy by 94.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 350,128 shares of the company’s stock valued at $10,591,000 after acquiring an additional 169,924 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Excelerate Energy by 12.0% during the fourth quarter. Millennium Management LLC now owns 327,534 shares of the company’s stock valued at $9,908,000 after acquiring an additional 35,199 shares in the last quarter. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

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.