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

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) have earned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $24.75.

A number of equities analysts have recently issued reports on CCEC shares. Zacks Research downgraded Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Jefferies Financial Group reiterated a “hold” rating and set a $23.00 price objective on shares of Capital Clean Energy Carriers in a research report on Monday, August 3rd. Weiss Ratings cut Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Finally, BTIG Research reissued a “buy” rating and issued a $25.00 target price on shares of Capital Clean Energy Carriers in a report on Wednesday, July 29th.

Capital Clean Energy Carriers Trading Up 2.0%

Shares of CCEC stock opened at $20.22 on Friday. 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 $23.95. The stock has a market capitalization of $1.18 billion, a P/E ratio of 12.02 and a beta of 0.68. The firm’s 50 day moving average is $21.68 and its 200 day moving average is $21.50.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced 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. The business had revenue of $104.90 million during the quarter, compared to analyst estimates of $106.10 million. Capital Clean Energy Carriers had a net margin of 27.73% and a return on equity of 6.55%. Research analysts expect that Capital Clean Energy Carriers will post 1.92 earnings per share for the current year.

Capital Clean Energy Carriers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Tuesday, November 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, November 3rd. Capital Clean Energy Carriers’s payout ratio is currently 32.26%.

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.