Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Up - Still a Buy?

Key Points

• CCEC shares jumped 14.4%, opening at $19.69 versus a prior close of $18.74 and last trading near $20.89.
• Analyst sentiment is generally positive: three analysts rate the stock Buy and two rate it Hold, resulting in a consensus “Moderate Buy” rating and an average price target of $24.75.
• The company exceeded quarterly earnings expectations, reporting $0.48 in EPS versus $0.32 estimated, and maintains a quarterly dividend of $0.15 per share, or a 2.8% annualized yield.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report)'s stock price gapped up prior to trading on Thursday. The stock had previously closed at $18.74, but opened at $19.69. Capital Clean Energy Carriers shares last traded at $20.8930, with a volume of 2,205 shares.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. BTIG Research reaffirmed a "buy" rating and set a $25.00 target price on shares of Capital Clean Energy Carriers in a research report on Wednesday, July 29th. Weiss Ratings upgraded Capital Clean Energy Carriers from a "hold (c+)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. Jefferies Financial Group reiterated a "hold" rating and issued a $23.00 target price on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. Wall Street Zen upgraded shares of Capital Clean Energy Carriers to a "hold" rating in a report on Saturday, June 13th. 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. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.75.

Capital Clean Energy Carriers Trading Up 14.4%

The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 11.52 and a beta of 0.63. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.15 and a quick ratio of 1.13. The company's fifty day moving average price is $22.36 and its 200-day moving average price is $21.42.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last released 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 net margin of 27.73% and a return on equity of 6.55%. The company had revenue of $104.90 million for the quarter, compared to the consensus estimate of $106.10 million. On average, research analysts expect that Capital Clean Energy Carriers Corp. will post 1.92 EPS for the current fiscal year.

Capital Clean Energy Carriers Dividend Announcement

The company 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 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, August 4th. Capital Clean Energy Carriers's payout ratio is presently 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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