Excelerate Energy (EE) Expected to Announce Quarterly Earnings on Wednesday

Excelerate Energy (NYSE:EE) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Excelerate Energy to post earnings of $0.32 per share and revenue of $201.62 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Excelerate Energy Price Performance

Shares of EE stock opened at $28.10 on Tuesday. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 5.82 and a beta of 1.41. The business’s fifty day moving average is $30.33 and its 200 day moving average is $26.09. Excelerate Energy has a twelve month low of $13.80 and a twelve month high of $32.99. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.85%. Excelerate Energy’s payout ratio is 24.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays upped their price target on Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Stephens upped their price target on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company increased their target price on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Northland Securities increased their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Three investment analysts have 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 stock currently has a consensus rating of “Hold” and an average target price of $31.00.

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.