Capital Clean Energy Carriers (NASDAQ:CCEC) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Capital Clean Energy Carriers (NASDAQ:CCEC) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks reports.

A number of other brokerages have also issued reports on CCEC. Weiss Ratings upgraded shares of 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 reissued a “hold” rating and issued a $23.00 price objective on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. BTIG Research restated a “buy” rating and set a $25.00 price objective on shares of Capital Clean Energy Carriers in a research note on Wednesday, July 29th. Finally, Wall Street Zen raised Capital Clean Energy Carriers to a “hold” rating in a report on Saturday, June 13th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.75.

Capital Clean Energy Carriers Stock Down 2.4%

Shares of NASDAQ:CCEC opened at $21.23 on Monday. The firm has a market cap of $1.24 billion, a PE ratio of 11.41 and a beta of 0.63. The company has a fifty day simple moving average of $22.44 and a 200 day simple moving average of $21.43. 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 has a 12-month low of $16.77 and a 12-month high of $24.00.

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.16. The firm had revenue of $104.90 million for the quarter, compared to the consensus estimate of $106.10 million. Capital Clean Energy Carriers had a net margin of 27.73% and a return on equity of 6.55%. On average, equities research 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. Stockholders of record on Tuesday, August 4th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, August 4th. Capital Clean Energy Carriers’s dividend 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.