Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Analysts maintain a “Buy” consensus on Capital Clean Energy Carriers, with three buy ratings, one strong buy, and one hold among five analysts. The average 12-month price target is $24.75 versus a recent share price of $21.60.
• The company beat quarterly earnings expectations, reporting $0.48 in EPS compared with the $0.32 consensus estimate, although revenue of $104.9 million was slightly below expectations.
• Capital Clean Energy Carriers declared a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a 2.8% yield, with a payout ratio of 32.26%.

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) have been given a consensus recommendation of "Buy" by the five analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $24.75.

CCEC has been the subject of a number of research analyst reports. Weiss Ratings upgraded Capital Clean Energy Carriers from a "hold (c+)" rating to a "buy (b)" rating in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a "hold" rating and set a $23.00 price objective on shares of Capital Clean Energy Carriers in a research report on Monday, August 3rd. BTIG Research reaffirmed a "buy" rating and set a $25.00 price objective on shares of Capital Clean Energy Carriers in a research report on Wednesday, July 29th. Wall Street Zen upgraded shares of Capital Clean Energy Carriers to a "hold" rating in a research note on Saturday, June 13th. Finally, Zacks Research upgraded shares of Capital Clean Energy Carriers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th.

Capital Clean Energy Carriers Price Performance

Shares of NASDAQ CCEC opened at $21.60 on Monday. The company has a market capitalization of $1.26 billion, a PE ratio of 11.61 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 has a twelve month low of $16.77 and a twelve month high of $24.00. The firm has a fifty day simple moving average of $22.56 and a 200 day simple moving average of $21.45.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.48 EPS for the quarter, beating 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 6.55%. The business had revenue of $104.90 million for the quarter, compared to analysts' expectations of $106.10 million. On average, sell-side analysts forecast that Capital Clean Energy Carriers will post 1.92 EPS for the current year.

Capital Clean Energy Carriers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Tuesday, August 4th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Tuesday, August 4th. Capital Clean Energy Carriers's payout ratio is 32.26%.

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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