Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Unusually-High Trading Volume After Earnings Beat

Key Points

• Capital Clean Energy Carriers beat earnings expectations, reporting quarterly EPS of $0.57 versus the $0.51 analyst consensus. Shares rose 6.8% to $21.07, while trading volume increased 4% above average.
• The company announced a quarterly dividend of $0.15 per share, equal to $0.60 annualized and a 2.8% yield, with a payout ratio of 32.26%.
• Analyst sentiment remains mixed: two analysts rate the stock Buy and three rate it Hold, producing an overall Hold consensus and an average price target of $24.75.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) saw strong trading volume on Friday following a stronger than expected earnings report. 9,305 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 8,918 shares. The stock last traded at $21.07 and had previously closed at $19.73.

The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.06. Capital Clean Energy Carriers had a return on equity of 6.55% and a net margin of 27.73%.

Capital Clean Energy Carriers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Tuesday, November 3rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 3rd. This represents a $0.60 annualized dividend and a dividend yield of 2.8%. Capital Clean Energy Carriers's payout ratio is currently 32.26%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CCEC. Jefferies Financial Group reissued a "hold" rating and issued a $23.00 price objective on shares of Capital Clean Energy Carriers in a research note on Monday, August 3rd. Zacks Research downgraded Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. BTIG Research restated a "buy" rating and issued a $25.00 target price on shares of Capital Clean Energy Carriers in a research note on Wednesday, July 29th. Finally, Weiss Ratings lowered Capital Clean Energy Carriers from a "buy (b)" rating to a "hold (c)" rating in a report on Friday, October 9th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $24.75.

Capital Clean Energy Carriers Stock Up 6.8%

The company has a market capitalization of $1.23 billion, a PE ratio of 11.33 and a beta of 0.68. 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 firm has a 50 day simple moving average of $21.41 and a two-hundred day simple moving average of $21.40.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp. is a maritime transportation company focused primarily on the ownership and operation of vessels that transport liquefied natural gas (LNG) and other energy products. The company's fleet includes LNG carriers and other vessels serving the international energy supply chain, with operations conducted through long-term and other commercial charter arrangements.

The company is transitioning toward a cleaner-energy-focused shipping platform, with LNG transportation as a central part of its strategy.

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.