Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Receives $24.75 Average Price Target from Analysts

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) have been assigned an average rating of “Buy” from the five analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $24.75.

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

Capital Clean Energy Carriers Stock Performance

NASDAQ CCEC opened at $21.71 on Monday. The company has a market cap of $1.27 billion, a PE ratio of 11.67 and a beta of 0.63. The stock’s 50 day simple moving average is $22.52 and its 200-day simple moving average is $21.43. Capital Clean Energy Carriers has a 1-year low of $16.77 and a 1-year high of $24.00. 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 issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.48 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $106.10 million. As a group, equities research analysts anticipate that Capital Clean Energy Carriers will post 1.92 EPS for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Tuesday, August 4th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend 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.