Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Up – Here’s Why

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) gapped up before the market opened on Thursday. The stock had previously closed at $18.74, but opened at $19.69. Capital Clean Energy Carriers shares last traded at $20.8930, with a volume of 2,205 shares trading hands.

Wall Street Analyst Weigh In

CCEC has been the subject of a number of research reports. Weiss Ratings upgraded shares of Capital Clean Energy Carriers from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. BTIG Research reissued a “buy” rating and issued a $25.00 price objective on shares of Capital Clean Energy Carriers in a report on Wednesday, July 29th. Wall Street Zen upgraded Capital Clean Energy Carriers to a “hold” rating in a research note on Saturday, June 13th. Jefferies Financial Group reaffirmed a “hold” rating and set a $23.00 target price on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. Finally, Zacks Research cut Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.75.

Capital Clean Energy Carriers Stock Up 14.4%

The business’s 50 day moving average is $22.36 and its 200-day moving average is $21.42. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 11.52 and a beta of 0.63. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.13 and a current ratio of 1.15.

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted 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 net margin of 27.73% and a return on equity of 6.55%. The company had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $106.10 million. On average, sell-side analysts predict that Capital Clean Energy Carriers Corp. will post 1.92 EPS for the current fiscal year.

Capital Clean Energy Carriers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Tuesday, August 4th were issued 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 presently 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.