Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Stock Has Consensus Target Price of $24.75

Key Points

• Analysts maintain a consensus “Hold” rating on Capital Clean Energy Carriers, with three holds and two buys among five covering firms. The average 12-month price target is $24.75, above the reported $20.46 opening price.
• The company reported quarterly EPS of $0.48, exceeding the $0.32 analyst consensus, while revenue of $104.9 million fell slightly short of estimates.
• Capital Clean Energy Carriers announced a $0.15 quarterly dividend, equivalent to $0.60 annually and a 2.9% yield. The maritime transportation company operates LNG, LPG and ammonia carriers serving global energy customers.

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) have been assigned a consensus rating of "Hold" from the five ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $24.75.

Several brokerages have issued reports on CCEC. Weiss Ratings downgraded Capital Clean Energy Carriers from a "buy (b)" rating to a "hold (c)" rating in a report on Friday, October 9th. Zacks Research cut Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Jefferies Financial Group reiterated a "hold" rating and set a $23.00 price objective on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. Finally, BTIG Research reiterated a "buy" rating and issued a $25.00 price objective on shares of Capital Clean Energy Carriers in a research report on Wednesday, July 29th.

Capital Clean Energy Carriers Stock Performance

Shares of Capital Clean Energy Carriers stock opened at $20.46 on Friday. The company has a market capitalization of $1.19 billion, a PE ratio of 11.00 and a beta of 0.68. Capital Clean Energy Carriers has a 12 month low of $16.77 and a 12 month high of $23.95. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 1.81. The stock's fifty day simple moving average is $21.92 and its 200 day simple moving average is $21.47.

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

Capital Clean Energy Carriers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Tuesday, August 4th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, August 4th. Capital Clean Energy Carriers's dividend payout ratio (DPR) is 32.26%.

About Capital Clean Energy Carriers

Capital Clean Energy Carriers Corp. NASDAQ: CCEC is a maritime transportation company focused on the ownership and operation of vessels that transport energy products. Its fleet is centered on liquefied natural gas (LNG) carriers and other gas carriers, including vessels designed to transport liquefied petroleum gas (LPG) and ammonia. The company provides seaborne transportation services primarily to energy companies, commodity traders and other commercial customers.

The company's business is supported by a combination of long-term and shorter-term charter arrangements, under which customers use its vessels to move energy cargoes between international markets.

This 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. Please send any questions or comments about this story to contact@marketbeat.com.