Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Stock Has Average Target Price of $24.75

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) has been assigned a consensus recommendation of “Buy” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $24.75.

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

Capital Clean Energy Carriers Trading Up 1.3%

Shares of Capital Clean Energy Carriers stock opened at $21.63 on Monday. Capital Clean Energy Carriers has a fifty-two week low of $16.77 and a fifty-two week high of $24.00. 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 company has a market capitalization of $1.26 billion, a P/E ratio of 11.63 and a beta of 0.63. The company has a fifty day moving average of $22.48 and a 200 day moving average of $21.42.

Capital Clean Energy Carriers (NASDAQ:CCEC) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. Capital Clean Energy Carriers had a return on equity of 6.55% and a net margin of 27.73%.The firm had revenue of $104.90 million during the quarter, compared to analyst estimates of $106.10 million. On average, sell-side analysts anticipate that Capital Clean Energy Carriers will post 1.92 earnings per share 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 $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, August 4th. Capital Clean Energy Carriers’s payout ratio is currently 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.