Capital Clean Energy Carriers (NASDAQ:CCEC) Rating Lowered to Hold at Zacks Research

Key Points

• Zacks Research downgraded Capital Clean Energy Carriers from “strong buy” to “hold,” while other analysts remain mixed. The stock carries a consensus “Moderate Buy” rating and an average price target of $24.75.
• CCEC shares opened at $21.23, compared with a 52-week range of $16.77 to $24.00, and the company has a market capitalization of approximately $1.24 billion.
• The company reported quarterly EPS of $0.48, exceeding analysts’ $0.32 estimate, although revenue of $104.9 million came in slightly below the $106.1 million consensus forecast.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) was downgraded by research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday, Zacks reports.

Other research analysts have also issued research reports about the company. Jefferies Financial Group reaffirmed a "hold" rating and set a $23.00 price objective on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. Weiss Ratings upgraded shares of Capital Clean Energy Carriers from a "hold (c+)" rating to a "buy (b)" rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of Capital Clean Energy Carriers to a "hold" rating in a research note on Saturday, June 13th. Finally, BTIG Research reiterated a "buy" rating and issued a $25.00 price target on shares of Capital Clean Energy Carriers in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Capital Clean Energy Carriers has a consensus rating of "Moderate Buy" and a consensus price target of $24.75.

Capital Clean Energy Carriers Price Performance

Shares of NASDAQ:CCEC opened at $21.23 on Monday. Capital Clean Energy Carriers has a 52 week low of $16.77 and a 52 week high of $24.00. The company has a 50-day moving average price of $22.44 and a 200 day moving average price of $21.43. The company has a market cap of $1.24 billion, a P/E ratio of 11.41 and a beta of 0.63. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 1.81.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.16. The company had revenue of $104.90 million for the quarter, compared to analysts' expectations of $106.10 million. Capital Clean Energy Carriers had a return on equity of 6.55% and a net margin of 27.73%. Research analysts predict that Capital Clean Energy Carriers will post 1.92 earnings per share for the current year.

About Capital Clean Energy Carriers

Capital Clean Energy Carriers Corp. NASDAQ: CCEC is a maritime transportation company focused on the delivery of liquefied natural gas (LNG) and other energy products. The company owns and operates a fleet of LNG carriers and other specialized vessels that transport energy commodities under long-term, medium-term and spot-charter arrangements.

Through its fleet and commercial operations, Capital Clean Energy Carriers serves energy producers, trading companies, utilities and other customers involved in the global energy supply chain.

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