Excelerate Energy, Inc. (NYSE:EE) Sees Significant Growth in Short Interest

Excelerate Energy, Inc. (NYSE:EE) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 943,600 shares, an increase of 8.0% from the January 15th total of 874,000 shares. Based on an average daily trading volume, of 239,900 shares, the days-to-cover ratio is currently 3.9 days. Approximately 4.0% of the shares of the company are short sold.

Excelerate Energy Price Performance

Excelerate Energy stock traded up $0.37 during trading on Tuesday, reaching $29.49. The company had a trading volume of 187,650 shares, compared to its average volume of 197,337. The firm’s 50-day simple moving average is $30.52 and its 200 day simple moving average is $25.80. Excelerate Energy has a 1-year low of $13.39 and a 1-year high of $32.99. The firm has a market capitalization of $3.13 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 1.96 and a beta of 1.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12.

Institutional Investors Weigh In On Excelerate Energy

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in Excelerate Energy by 34.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock valued at $1,102,000 after acquiring an additional 12,802 shares during the period. Ritholtz Wealth Management purchased a new position in Excelerate Energy in the 4th quarter valued at $580,000. Barclays PLC lifted its holdings in Excelerate Energy by 299.8% in the 3rd quarter. Barclays PLC now owns 26,822 shares of the company’s stock valued at $591,000 after purchasing an additional 20,113 shares in the last quarter. PDT Partners LLC lifted its holdings in Excelerate Energy by 85.5% in the 3rd quarter. PDT Partners LLC now owns 46,971 shares of the company’s stock valued at $1,034,000 after purchasing an additional 21,645 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Excelerate Energy in the 3rd quarter valued at $214,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Northland Securities raised their price objective on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Stephens raised their price objective on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Barclays raised their price objective on shares of Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Excelerate Energy presently has a consensus 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.