Stock Repurchase Plan Announced by Excelerate Energy (NYSE:EE)

Excelerate Energy (NYSE:EE - Get Free Report) announced that its board has initiated a stock repurchase program on Thursday, December 11th, RTT News reports. The company plans to buyback $75.00 million in shares. This buyback authorization allows the company to reacquire up to 2.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.Get Excelerate Energy alerts:Excelerate Energy Stock PerformanceMid-Cap Marvels: 3 Stocks That Crushed Sales Estimates in MayNYSE:EE traded down $0.21 during midday trading on Thursday, reaching $27.03. The stock had a trading volume of 286,619 shares, compared to its average volume of 351,905. The stock has a market cap of $3.08 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.24 and a beta of 1.36. The firm has a fifty day simple moving average of $27.09 and a two-hundred day simple moving average of $26.60. Excelerate Energy has a 12-month low of $21.28 and a 12-month high of $32.99. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.56. Excelerate Energy (NYSE:EE - Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.13. The firm had revenue of $391.04 million during the quarter, compared to the consensus estimate of $270.82 million. Excelerate Energy had a net margin of 3.46% and a return on equity of 4.34%. Excelerate Energy's revenue for the quarter was up 102.2% compared to the same quarter last year. On average, equities analysts expect that Excelerate Energy will post 1.16 EPS for the current year. Excelerate Energy Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Wednesday, November 19th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, November 19th. Excelerate Energy's dividend payout ratio is 22.22%. Wall Street Analyst Weigh InSeveral research firms have recently issued reports on EE. Jefferies Financial Group set a $37.00 price objective on Excelerate Energy and gave the company a "buy" rating in a research note on Tuesday, October 28th. Morgan Stanley set a $30.00 price objective on shares of Excelerate Energy and gave the stock an "equal weight" rating in a research note on Thursday, November 6th. DNB Markets set a $31.00 price objective on shares of Excelerate Energy in a report on Wednesday, September 10th. Tudor Pickering upgraded Excelerate Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 17th. Finally, Wall Street Zen upgraded Excelerate Energy from a "hold" rating to a "buy" rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.38.Check Out Our Latest Research Report on Excelerate EnergyExcelerate Energy Company Profile Get Free Report)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.Featured ArticlesFive stocks we like better than Excelerate EnergyUsing the MarketBeat Stock Split Calculator3 Recently Downgraded Stocks to Avoid in 2026How to Use the MarketBeat Dividend CalculatorThe Chip Boom Is Back: 3 Stocks Positioned for Huge GainsWhy Are Stock Sectors Important to Successful Investing?Oracle Stock Hit Hard: Why Its AI Pipeline Could Drive a 2026 RallyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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