Capital Clean Energy Carriers’ (CCEC) Buy Rating Reaffirmed at BTIG Research

Capital Clean Energy Carriers (NASDAQ:CCEC)‘s stock had its “buy” rating reissued by equities researchers at BTIG Research in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $25.00 target price on the stock. BTIG Research’s price objective would suggest a potential upside of 14.34% from the company’s current price.

Other analysts have also issued research reports about the company. Wall Street Zen raised Capital Clean Energy Carriers to a “hold” rating in a research report on Saturday, June 13th. Jefferies Financial Group boosted their price objective on Capital Clean Energy Carriers from $20.00 to $23.00 and gave the company a “hold” rating in a report on Monday, May 4th. Weiss Ratings raised Capital Clean Energy Carriers from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Finally, Zacks Research upgraded Capital Clean Energy Carriers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capital Clean Energy Carriers has a consensus rating of “Hold” and a consensus price target of $24.75.

Capital Clean Energy Carriers Trading Down 3.5%

CCEC traded down $0.80 on Wednesday, hitting $21.86. The company had a trading volume of 8,726 shares, compared to its average volume of 9,688. The firm has a market cap of $1.28 billion, a P/E ratio of 11.57 and a beta of 0.63. Capital Clean Energy Carriers has a 1 year low of $16.77 and a 1 year high of $24.25. The company’s fifty day moving average price is $21.87 and its 200 day moving average price is $21.24. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 1.53.

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, topping the consensus estimate of $0.30 by $0.18. Capital Clean Energy Carriers had a net margin of 28.02% and a return on equity of 6.73%. As a group, equities analysts expect that Capital Clean Energy Carriers will post 1.35 earnings per share for the current year.

Institutional Investors Weigh In On Capital Clean Energy Carriers

Several institutional investors have recently added to or reduced their stakes in CCEC. Raymond James Financial Inc. acquired a new stake in shares of Capital Clean Energy Carriers during the second quarter worth about $127,000. Squarepoint Ops LLC acquired a new position in Capital Clean Energy Carriers in the 3rd quarter valued at about $382,000. Geode Capital Management LLC raised its stake in Capital Clean Energy Carriers by 10.1% during the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock valued at $414,000 after acquiring an additional 1,621 shares during the last quarter. Millennium Management LLC lifted its position in Capital Clean Energy Carriers by 2.5% during the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock worth $547,000 after acquiring an additional 651 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Capital Clean Energy Carriers by 59.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock worth $3,065,000 after acquiring an additional 49,075 shares during the period.

About Capital Clean Energy Carriers

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. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals.