Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Down - Time to Sell?

Key Points

• CCEC shares gapped down from a prior close of $21.70 to open at $19.79, later trading around $20.82. The stock remains below its 50-day moving average of $22.29.
• Analysts maintain a generally positive outlook, with three Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $24.75.
• The company beat quarterly EPS expectations, reporting $0.48 versus the $0.32 consensus, and pays a quarterly dividend of $0.15 per share, equivalent to an annualized yield of approximately 2.9%.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $21.70, but opened at $19.79. Capital Clean Energy Carriers shares last traded at $20.8240, with a volume of 428 shares trading hands.

Wall Street Analysts Forecast Growth

CCEC has been the topic of several recent analyst reports. Wall Street Zen raised Capital Clean Energy Carriers to a "hold" rating in a research report on Saturday, June 13th. Weiss Ratings raised Capital Clean Energy Carriers from a "hold (c+)" rating to a "buy (b)" rating in a report on Monday, August 3rd. BTIG Research reissued 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. Jefferies Financial Group restated a "hold" rating and set a $23.00 target price on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. Finally, Zacks Research lowered shares of Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $24.75.

Capital Clean Energy Carriers Stock Down 1.4%

The firm has a fifty day simple moving average of $22.29 and a 200-day simple moving average of $21.43. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.13 and a current ratio of 1.15. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 11.13 and a beta of 0.68.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.16. The company had revenue of $104.90 million during the quarter, compared to analysts' expectations of $106.10 million. Capital Clean Energy Carriers had a return on equity of 6.55% and a net margin of 27.73%. As a group, sell-side analysts expect that Capital Clean Energy Carriers Corp. will post 1.92 EPS for the current year.

Capital Clean Energy Carriers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Tuesday, August 4th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, August 4th. Capital Clean Energy Carriers's dividend payout ratio is currently 32.26%.

Capital Clean Energy Carriers Company Profile

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.