Excelerate Energy, Inc. (NYSE:EE) Short Interest Update

Excelerate Energy, Inc. (NYSE:EE) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 873,800 shares, a growth of 8.7% from the December 31st total of 803,900 shares. Based on an average daily trading volume, of 248,500 shares, the days-to-cover ratio is presently 3.5 days. Currently, 3.7% of the company’s stock are sold short.

Excelerate Energy Price Performance

Shares of EE stock opened at $30.25 on Tuesday. The stock’s fifty day moving average is $30.67 and its 200-day moving average is $24.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The stock has a market capitalization of $3.21 billion, a PE ratio of 30.55, a PEG ratio of 1.90 and a beta of 1.41. Excelerate Energy has a 52 week low of $13.38 and a 52 week high of $32.99.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $193.42 million for the quarter, compared to analysts’ expectations 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 last year, the business earned $0.40 earnings per share. Equities research analysts expect that Excelerate Energy will post 1.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Excelerate Energy

Several hedge funds have recently added to or reduced their stakes in EE. Quarry LP raised its position in shares of Excelerate Energy by 28.9% during the third quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after purchasing an additional 409 shares during the period. Quantbot Technologies LP bought a new position in shares of Excelerate Energy during the third quarter worth about $94,000. US Bancorp DE bought a new position in shares of Excelerate Energy during the third quarter worth about $130,000. SG Americas Securities LLC bought a new position in shares of Excelerate Energy during the third quarter worth about $161,000. Finally, Janus Henderson Group PLC bought a new position in shares of Excelerate Energy during the third quarter worth about $200,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Analyst Upgrades and Downgrades

EE has been the subject of a number of research reports. Northland Securities lifted their price objective on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Stephens boosted their price target on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Barclays boosted their price target on shares of Excelerate Energy from $26.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Wells Fargo & Company boosted their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley reissued an “underweight” rating and set a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a report on Friday. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.