Capital Clean Energy Carriers (NASDAQ:CCEC) Posts Earnings Results, Meets Expectations

Capital Clean Energy Carriers (NASDAQ:CCEC) posted its earnings results on Thursday. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36, Zacks reports. Capital Clean Energy Carriers had a return on equity of 9.72% and a net margin of 25.79%.

Capital Clean Energy Carriers Stock Performance

NASDAQ CCEC traded up $0.31 during trading hours on Thursday, reaching $19.30. The stock had a trading volume of 7,802 shares, compared to its average volume of 13,804. Capital Clean Energy Carriers has a 52-week low of $14.45 and a 52-week high of $20.26. The company has a current ratio of 1.68, a quick ratio of 1.66 and a debt-to-equity ratio of 2.04. The stock has a market cap of $1.13 billion, a PE ratio of 14.84 and a beta of 0.83. The company’s fifty day moving average is $18.44.

Capital Clean Energy Carriers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Thursday, February 6th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.60 annualized dividend and a dividend yield of 3.11%. Capital Clean Energy Carriers’s payout ratio is currently 46.15%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CCEC. Raymond James started coverage on shares of Capital Clean Energy Carriers in a research report on Friday, January 24th. They set an “outperform” rating and a $26.00 target price for the company. Fearnley Fonds raised Capital Clean Energy Carriers to a “strong-buy” rating in a research report on Thursday, October 10th.

About Capital Clean Energy Carriers

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company’s vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers.