Excelerate Energy (NYSE:EE) Shares Gap Down – Should You Sell?

Excelerate Energy, Inc. (NYSE:EE) shares gapped down prior to trading on Tuesday . The stock had previously closed at $31.70, but opened at $30.82. Excelerate Energy shares last traded at $28.42, with a volume of 124,797 shares changing hands.

Analysts Set New Price Targets

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

Excelerate Energy Stock Performance

The company’s 50-day simple moving average is $29.13 and its 200 day simple moving average is $23.27. The stock has a market cap of $3.15 billion, a P/E ratio of 29.90, a PEG ratio of 2.28 and a beta of 1.42. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34.

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, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $193.42 million during the quarter, compared to the consensus estimate 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 company earned $0.40 EPS. As a group, sell-side analysts expect that Excelerate Energy, Inc. will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 20th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Wednesday, November 20th. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s payout ratio is 24.24%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP boosted its holdings in shares of Excelerate Energy by 28.9% in the third quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after acquiring an additional 409 shares during the period. Quantbot Technologies LP purchased a new stake in Excelerate Energy during the 3rd quarter worth about $94,000. US Bancorp DE bought a new position in Excelerate Energy in the 3rd quarter worth about $130,000. SG Americas Securities LLC bought a new position in Excelerate Energy in the 3rd quarter worth about $161,000. Finally, Janus Henderson Group PLC purchased a new position in Excelerate Energy during the 3rd quarter valued at about $200,000. Institutional investors 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.