Capital Clean Energy Carriers (NASDAQ:CCEC) Cut to “Strong Sell” at Zacks Research

Capital Clean Energy Carriers (NASDAQ:CCEC) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday, Zacks reports.

A number of other brokerages have also issued reports on CCEC. Jefferies Financial Group restated a “hold” rating and set a $23.00 target price on shares of Capital Clean Energy Carriers in a research report on Monday, August 3rd. 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. Finally, Weiss Ratings downgraded shares of Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, October 9th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.33.

Capital Clean Energy Carriers Trading Down 1.2%

Shares of Capital Clean Energy Carriers stock opened at $20.73 on Wednesday. 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 50-day moving average of $21.28 and a 200-day moving average of $21.42. Capital Clean Energy Carriers has a 52-week low of $16.77 and a 52-week high of $23.95. The stock has a market cap of $1.21 billion, a PE ratio of 11.46 and a beta of 0.66.

Capital Clean Energy Carriers (NASDAQ:CCEC) last released its quarterly earnings results on Friday, October 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Capital Clean Energy Carriers had a net margin of 27.76% and a return on equity of 7.25%. The business had revenue of $138.13 million for the quarter, compared to analyst estimates of $126.52 million. As a group, sell-side analysts forecast that Capital Clean Energy Carriers will post 1.90 EPS for the current year.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp. is a maritime transportation company focused primarily on the ownership and operation of vessels that transport liquefied natural gas (LNG) and other energy products. The company’s fleet includes LNG carriers and other vessels serving the international energy supply chain, with operations conducted through long-term and other commercial charter arrangements.

The company is transitioning toward a cleaner-energy-focused shipping platform, with LNG transportation as a central part of its strategy.