Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Climb 12.5% – Time to Buy?

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC)’s share price shot up 12.5% on Friday. The stock traded as high as $21.56 and last traded at $21.0890. Approximately 1,609 shares changed hands during trading, a decline of 83% from the average daily volume of 9,320 shares. The stock had previously closed at $18.74.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Zacks Research downgraded shares of Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a research note on Monday. Jefferies Financial Group reissued a “hold” rating and issued a $23.00 price target on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. Weiss Ratings raised Capital Clean Energy Carriers from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. BTIG Research reiterated 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, Wall Street Zen raised Capital Clean Energy Carriers to a “hold” rating in a research note on Saturday, June 13th. Three investment 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.75.

Capital Clean Energy Carriers Stock Performance

The stock’s 50-day moving average price is $22.33 and its 200 day moving average price is $21.42. The firm has a market cap of $1.25 billion, a P/E ratio of 11.49 and a beta of 0.68. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.15 and a quick ratio of 1.13.

Capital Clean Energy Carriers (NASDAQ:CCEC) last released its earnings results on Wednesday, July 29th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.16. Capital Clean Energy Carriers had a net margin of 27.73% and a return on equity of 6.55%. The business had revenue of $104.90 million during the quarter, compared to the consensus estimate of $106.10 million. As a group, equities analysts predict that Capital Clean Energy Carriers Corp. will post 1.92 EPS for the current year.

Capital Clean Energy Carriers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Tuesday, August 4th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.8%. Capital Clean Energy Carriers’s payout ratio is currently 32.26%.

About Capital Clean Energy Carriers

Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) is a maritime transportation company focused on the ownership and operation of vessels that transport energy products. Its fleet is centered on liquefied natural gas (LNG) carriers and other gas carriers, including vessels designed to transport liquefied petroleum gas (LPG) and ammonia. The company provides seaborne transportation services primarily to energy companies, commodity traders and other commercial customers.

The company’s business is supported by a combination of long-term and shorter-term charter arrangements, under which customers use its vessels to move energy cargoes between international markets.