Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Up – Should You Buy?

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $19.81, but opened at $20.95. Capital Clean Energy Carriers shares last traded at $21.1350, with a volume of 3,993 shares trading hands.

Wall Street Analysts Forecast Growth

CCEC has been the subject of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Capital Clean Energy Carriers in a research note on Tuesday, October 14th. Evercore ISI reduced their price target on shares of Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.00.

Capital Clean Energy Carriers Stock Down 1.8%

The stock’s fifty day moving average price is $21.57 and its 200 day moving average price is $22.18. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 1.68. The stock has a market cap of $1.15 billion, a P/E ratio of 6.19 and a beta of 0.59.

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Capital Clean Energy Carriers had a net margin of 55.58% and a return on equity of 10.70%. As a group, research analysts forecast that Capital Clean Energy Carriers Corp. will post 1.66 earnings per share for the current fiscal year.

Capital Clean Energy Carriers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Friday, February 6th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, February 6th. This represents a $0.60 annualized dividend and a dividend yield of 3.0%. Capital Clean Energy Carriers’s dividend payout ratio is 15.00%.

Institutional Trading of Capital Clean Energy Carriers

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MGO One Seven LLC bought a new stake in shares of Capital Clean Energy Carriers in the 2nd quarter worth approximately $216,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Capital Clean Energy Carriers by 9.2% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock worth $3,224,000 after purchasing an additional 12,097 shares during the period. Squarepoint Ops LLC bought a new stake in Capital Clean Energy Carriers in the third quarter worth $382,000. Raymond James Financial Inc. purchased a new stake in Capital Clean Energy Carriers during the second quarter valued at about $127,000. Finally, Geode Capital Management LLC boosted its position in Capital Clean Energy Carriers by 10.1% during the second quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock valued at $414,000 after buying an additional 1,621 shares during the period.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company’s vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers.