Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Capital Clean Energy Carriers has a “Moderate Buy” consensus rating from five analysts, with an average 12-month price target of $24.75 versus a recent share price of $22.28.
• The company reported quarterly EPS of $0.48, exceeding the $0.32 analyst consensus, although revenue of $102.65 million fell short of the $106.10 million estimate.
• Capital Clean Energy Carriers declared a quarterly dividend of $0.15 per share, equivalent to an annualized $0.60 payout and a 2.7% yield.

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $24.75.

A number of analysts have commented on CCEC shares. Wall Street Zen raised shares of Capital Clean Energy Carriers to a "hold" rating in a report on Saturday, June 13th. Zacks Research raised Capital Clean Energy Carriers from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Weiss Ratings upgraded Capital Clean Energy Carriers from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, June 15th. BTIG Research reaffirmed a "buy" rating and set a $25.00 price objective on shares of Capital Clean Energy Carriers in a research note on Wednesday. Finally, Jefferies Financial Group upped their price objective on Capital Clean Energy Carriers from $20.00 to $23.00 and gave the company a "hold" rating in a report on Monday, May 4th.

Capital Clean Energy Carriers Stock Down 0.5%

Shares of NASDAQ:CCEC opened at $22.28 on Friday. Capital Clean Energy Carriers has a one year low of $16.77 and a one year high of $24.00. The company has a 50 day moving average of $21.92 and a 200-day moving average of $21.28. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.39 and a quick ratio of 1.38. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 11.98 and a beta of 0.63.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.16. Capital Clean Energy Carriers had a net margin of 27.73% and a return on equity of 6.61%. The business had revenue of $102.65 million during the quarter, compared to the consensus estimate of $106.10 million. On average, sell-side analysts forecast that Capital Clean Energy Carriers will post 1.92 earnings per share for the current year.

Capital Clean Energy Carriers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Tuesday, August 4th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 4th. This represents a $0.60 dividend on an annualized basis and a yield of 2.7%. Capital Clean Energy Carriers's dividend payout ratio (DPR) is 32.26%.

Institutional Trading of Capital Clean Energy Carriers

Institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC raised its position in shares of Capital Clean Energy Carriers by 2.5% in the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company's stock valued at $547,000 after acquiring an additional 651 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Capital Clean Energy Carriers by 9.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company's stock valued at $3,224,000 after purchasing an additional 12,097 shares during the period. Squarepoint Ops LLC acquired a new position in Capital Clean Energy Carriers during the third quarter valued at approximately $382,000. Raymond James Financial Inc. bought a new stake in Capital Clean Energy Carriers in the second quarter valued at approximately $127,000. Finally, Geode Capital Management LLC increased its stake in Capital Clean Energy Carriers by 10.1% in the second quarter. Geode Capital Management LLC now owns 17,702 shares of the company's stock valued at $414,000 after purchasing an additional 1,621 shares in the last quarter.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals.

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