Capital Clean Energy Carriers (NASDAQ:CCEC) Rating Lowered to Hold at Zacks Research

Capital Clean Energy Carriers (NASDAQ:CCEC) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

A number of other analysts also recently issued reports on the stock. Wall Street Zen raised shares of Capital Clean Energy Carriers to a “hold” rating in a report on Saturday, June 13th. Jefferies Financial Group reissued a “hold” rating and issued a $23.00 target price on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. BTIG Research restated a “buy” rating and set a $25.00 price objective on shares of Capital Clean Energy Carriers in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised Capital Clean Energy Carriers from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.75.

Capital Clean Energy Carriers Stock Performance

NASDAQ CCEC opened at $21.23 on Monday. Capital Clean Energy Carriers has a 52-week low of $16.77 and a 52-week high of $24.00. The stock has a market cap of $1.24 billion, a PE ratio of 11.41 and a beta of 0.63. The firm has a 50-day moving average of $22.44 and a 200-day moving average of $21.43. 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 issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. The company had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $106.10 million. Capital Clean Energy Carriers had a return on equity of 6.55% and a net margin of 27.73%. On average, sell-side analysts anticipate that Capital Clean Energy Carriers will post 1.92 EPS for the current year.

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.