Streetbeat News

Excelerate Energy, Inc.

https://www.excelerateenergy.com

Industry

Renewable Utilities

Excelerate Energy, Inc. provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers floating regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; natural gas supply to-power projects; and a suite of smaller-scale gas distribution solutions. It also leases an LNG terminal in Bahia, Brazil. Excelerate Energy, LLC acts as general partner of the company. Excelerate Energy, Inc. was founded in 2003 and is headquartered in The Woodlands, Texas. Excelerate Energy, Inc. operates as a subsidiary of Excelerate Energy Holdings, LLC.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Excelerate has announced a share repurchase program authorizing the repurchase of up to $50 million of its Class A common stock through February 2026. The repurchases can be made through various methods in compliance with SEC rules and will depend on factors like price and market conditions. The program may be modified, suspended, or discontinued at any time.

Portfolio Pulse from Happy Mohamed

February 28, 2024 | 10:17 pm

Excelerate Energy (NYSE:EE) reported Q4 2023 adjusted EPS of $0.14, missing the $0.18 estimate, and sales of $240.06M, missing the $331.17M estimate. This represents a 47.25% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:56 pm

The article lists companies scheduled to report their earnings on February 28, 2024, including their expected earnings per share and revenue. It covers a wide range of sectors and provides a comprehensive overview of the financial performance expectations for these companies.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 11:24 am

Excelerate Energy (NYSE:EE) has been analyzed by 5 analysts, showing a mix of sentiments with 3 somewhat bullish and 2 indifferent ratings recently. The average 12-month price target is now $21.00, a 14.88% decrease from the previous target, with individual targets ranging from $18.00 to $24.00. Analysts from Morgan Stanley, Raymond James, and Wells Fargo have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Excelerate Energy faces challenges in revenue growth, net margin, and market capitalization but shows strong ROE and ROA, indicating effective utilization of equity and assets.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 6:00 pm

Excelerate Energy has entered into a 15-year agreement with QatarEnergy to purchase up to 1 million tonnes of LNG annually, to be delivered ex-ship in Bangladesh. This long-term deal secures a steady supply of LNG for Excelerate Energy, enhancing its position in the energy market and potentially impacting its stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:31 am

Excelerate Energy Inc (NYSE:EE) has signed a 15-year LNG sale and purchase agreement with QatarEnergy to supply up to one million tons per annum of LNG to Bangladesh starting January 2026. The deal involves deliveries to floating storage and regasification units in Bangladesh, with volumes starting at 0.85 MTPA in 2026 and 2027, increasing to one MTPA from 2028 to 2040. This agreement follows a similar deal made with Petrobangla in November for the same time period. Excelerate's Q4 and full year 2023 results are expected on February 28, 2024. EE shares saw a slight increase of 0.52% to close at $15.54 on Friday.

Portfolio Pulse from Lekha Gupta

January 29, 2024 | 10:40 am

Analysts have mixed opinions on Excelerate Energy (NYSE:EE), with recent ratings ranging from bullish to bearish. Over the last quarter, 6 analysts provided ratings, with 4 somewhat bullish and 2 indifferent. The average 12-month price target is $23.67, down 7.18% from previous estimates. Key analysts from firms like Raymond James, Wells Fargo, Capital One, and Morgan Stanley have adjusted their ratings and price targets. Excelerate Energy's financial health shows a negative revenue trend with a -65.71% decline over 3 months, a net margin of 5.04%, an ROE of 2.8%, an ROA of 0.48%, and a debt-to-equity ratio of 1.69.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 12:00 pm

Raymond James analyst Justin Jenkins has maintained an Outperform rating on Excelerate Energy (NYSE:EE) but has reduced the price target from $26 to $24.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 9:35 am

Wells Fargo analyst Michael Blum has downgraded Excelerate Energy (NYSE:EE) from Overweight to Equal-Weight and set a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 12:02 pm

Excelerate Energy (NYSE:EE) received 6 analyst ratings in the last quarter, with 4 somewhat bullish, 2 indifferent, and none bearish. The average 12-month price target is $23.83, a decrease from the previous $25.75, with a high of $30.00 and a low of $18.00. This suggests analysts are moderately positive on the stock.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 12:00 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.