EE Excelerate Energy Inc

Excelerate Energy has announced a new share repurchase program, authorizing the company to buy back up to $75 million of its Class A common stock. This authorization is effective immediately and has no fixed expiration date, allowing the company flexibility in its capital management strategy.

Three analysts from Wells Fargo have issued bullish sentiments on energy companies Cheniere Energy (LNG), Williams Co (WMB), and Sunoco (SUN). Michael Blum maintained a Buy rating on Cheniere Energy with a $284.00 price target, Praneeth Satish maintained a Buy rating on Williams Co with a $71.00 price target, and Ned Baramov maintained a Buy rating on Sunoco with a $65.00 price target. All three stocks show a strong buy consensus with significant upside potential.

Wells Fargo analyst Michael Blum maintained a Hold rating on Excelerate Energy, Inc. Class A (EE) with a price target of $29.00. This rating comes despite the company reporting increased quarterly revenue and net profit. The Street generally has a Moderate Buy consensus for EE with an average price target of $34.20.

Wells Fargo analyst Michael Blum maintained a Hold rating on Excelerate Energy, Inc. Class A (EE) with a price target of $29.00. The company's shares closed at $26.12, while the analyst consensus suggests a Moderate Buy rating with a $34.20 average price target. Excelerate Energy reported significant revenue and net profit growth for the quarter ending September 30, with revenues reaching $391.04 million and net profit $13.95 million.

Excelerate Energy has announced a share repurchase program authorizing the company to buy back up to $75 million of its outstanding Class A common stock. This authorization is effective for the next two years and reflects the company's confidence in its financial position and future prospects.

Excelerate Energy (NYSE:EE) has authorized a new $75 million Class A common share repurchase program, reflecting a commitment to enhancing shareholder returns. The company's stock has declined by 12.3% over the past year, suggesting shares may be undervalued. This program, without an expiration date, allows flexibility while the company also continues its dividend payments and pursues growth initiatives like a new LNG import terminal in Iraq.