Capital Clean Energy Carriers (NASDAQ:CCEC) Stock Falls 5.2% - What's Next?

Key Points

• CCEC shares fell 5.2% to approximately $20.17, with trading volume down 60% from the stock’s average daily volume.
• Analyst sentiment remains moderately positive: three analysts rate the stock a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating and a $24.75 price target.
• The company reported quarterly EPS of $0.48, exceeding estimates of $0.32, and pays a quarterly dividend of $0.15, equivalent to a 3.0% annualized yield.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report)'s stock price fell 5.2% during trading on Wednesday. The company traded as low as $19.75 and last traded at $20.1730. 3,662 shares changed hands during trading, a decline of 60% from the average daily volume of 9,051 shares. The stock had previously closed at $21.29.

Analyst Ratings Changes

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

Capital Clean Energy Carriers Price Performance

The stock's fifty day moving average price is $22.44 and its two-hundred day moving average price is $21.43. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 10.84 and a beta of 0.63. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 1.81.

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

Capital Clean Energy Carriers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Tuesday, August 4th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, August 4th. Capital Clean Energy Carriers's dividend payout ratio is 32.26%.

Capital Clean Energy Carriers Company Profile

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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