Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Break Above 200 Day Moving Average - Should You Sell?

Key Points

• CCEC shares moved above their 200-day moving average, reaching $22.05 before last trading at $21.70, compared with the $21.41 average.
• Analyst sentiment is mixed but leans toward caution: two analysts rate the stock Buy and three rate it Hold, resulting in a consensus Hold rating and a $24.75 average price target.
• The company reported better-than-expected quarterly results, with $0.57 in earnings per share and $138.13 million in revenue, and declared a quarterly dividend of $0.15 per share, yielding about 2.8% annually.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $21.41 and traded as high as $22.05. Capital Clean Energy Carriers shares last traded at $21.70, with a volume of 49,846 shares.

Analyst Ratings Changes

A number of research analysts have commented on the company. 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. Weiss Ratings lowered shares of Capital Clean Energy Carriers from a "buy (b)" rating to a "hold (c)" rating in a report on Friday, October 9th. Zacks Research cut shares of Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $23.00 target price on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $24.75.

Capital Clean Energy Carriers Stock Performance

The stock has a 50 day moving average price of $21.40 and a two-hundred day moving average price of $21.41. The company has a market cap of $1.27 billion, a P/E ratio of 11.67 and a beta of 0.68. 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 announced its earnings results on Friday, October 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. Capital Clean Energy Carriers had a net margin of 27.73% and a return on equity of 6.55%. The company had revenue of $138.13 million for the quarter, compared to analysts' expectations of $126.52 million. On average, research analysts predict that Capital Clean Energy Carriers Corp. will post 1.92 earnings per share for the current fiscal year.

Capital Clean Energy Carriers Dividend Announcement

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

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.