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

Zacks Research downgraded shares of Capital Clean Energy Carriers (NASDAQ:CCEC) from a hold rating to a strong sell rating in a report released on Wednesday morning,Zacks reports.

Several other equities analysts have also recently commented on CCEC. BTIG Research reissued a “buy” rating and set a $25.00 target price on shares of Capital Clean Energy Carriers in a research note on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $23.00 price target on shares of Capital Clean Energy Carriers in a research note on Monday, August 3rd. Finally, Weiss Ratings cut shares of Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, October 9th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.33.

Capital Clean Energy Carriers Stock Performance

CCEC stock traded up $0.20 on Wednesday, reaching $20.93. The company’s stock had a trading volume of 4,492 shares, compared to its average volume of 8,571. Capital Clean Energy Carriers has a 52 week low of $16.77 and a 52 week high of $23.95. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.15 and a quick ratio of 1.13. The company has a market capitalization of $1.22 billion, a P/E ratio of 10.31 and a beta of 0.66. The firm has a fifty day moving average of $21.25 and a two-hundred day moving average of $21.41.

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

Capital Clean Energy Carriers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Tuesday, November 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 3rd. This represents a $0.60 annualized dividend and a dividend yield of 2.9%. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is 29.56%.

About Capital Clean Energy Carriers

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.