Excelerate Energy (NYSE:EE) Stock Price Down 6.8% – Should You Sell?

Excelerate Energy, Inc. (NYSE:EE) shares dropped 6.8% on Thursday . The stock traded as low as $24.49 and last traded at $24.60. Approximately 104,807 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 211,590 shares. The stock had previously closed at $26.40.

Analyst Upgrades and Downgrades

Several research analysts have commented on EE shares. Stephens lifted their price target on Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Wells Fargo & Company downgraded Excelerate Energy from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $20.00 to $19.00 in a research report on Friday, August 30th. Barclays lifted their price target on Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Northland Securities lifted their price target on Excelerate Energy from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Excelerate Energy currently has a consensus rating of “Moderate Buy” and an average price target of $23.57.

Excelerate Energy Stock Up 8.8 %

The firm has a fifty day simple moving average of $21.81 and a 200-day simple moving average of $19.57. The company has a market capitalization of $2.85 billion, a P/E ratio of 26.88 and a beta of 1.28. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.35.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Excelerate Energy had a return on equity of 1.40% and a net margin of 3.14%. The firm had revenue of $183.33 million for the quarter, compared to the consensus estimate of $259.14 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, equities research analysts expect that Excelerate Energy, Inc. will post 1.14 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.90%. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, November 20th. Excelerate Energy’s dividend payout ratio (DPR) is presently 10.10%.

Hedge Funds Weigh In On Excelerate Energy

A number of large investors have recently made changes to their positions in EE. nVerses Capital LLC bought a new position in shares of Excelerate Energy during the second quarter worth approximately $26,000. Public Employees Retirement System of Ohio bought a new position in shares of Excelerate Energy during the first quarter worth approximately $38,000. Allspring Global Investments Holdings LLC bought a new position in shares of Excelerate Energy during the first quarter worth approximately $118,000. US Bancorp DE bought a new position in shares of Excelerate Energy during the third quarter worth approximately $130,000. Finally, SG Americas Securities LLC bought a new position in shares of Excelerate Energy during the third quarter worth approximately $161,000. Institutional investors 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.