Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Stock Has Consensus Target Price of $24.75 According to Analysts

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) have earned an average rating of “Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $24.75.

CCEC has been the subject of several research reports. Weiss Ratings upgraded Capital Clean Energy Carriers from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. Zacks Research upgraded Capital Clean Energy Carriers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating and issued a $23.00 price objective on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. Wall Street Zen raised shares of Capital Clean Energy Carriers to a “hold” rating in a research note on Saturday, June 13th. Finally, BTIG Research reaffirmed a “buy” rating and set a $25.00 target price on shares of Capital Clean Energy Carriers in a report on Wednesday, July 29th.

Capital Clean Energy Carriers Trading Down 0.6%

CCEC stock opened at $21.63 on Monday. Capital Clean Energy Carriers has a 12-month low of $16.77 and a 12-month high of $24.00. The business’s 50-day moving average is $22.48 and its 200 day moving average is $21.42. 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 stock has a market cap of $1.26 billion, a price-to-earnings ratio of 11.63 and a beta of 0.63.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its earnings results on Wednesday, July 29th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.16. The business 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%. On average, sell-side analysts anticipate that Capital Clean Energy Carriers will post 1.92 EPS for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The firm also recently declared 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. The ex-dividend date was Tuesday, August 4th. This represents a $0.60 dividend on an annualized basis and a yield of 2.8%. Capital Clean Energy Carriers’s payout ratio is presently 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.