Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Stock Has Average Target Price of $24.75

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) have earned an average recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $24.75.

Several research firms have recently issued reports on CCEC. Jefferies Financial Group restated a “hold” rating and set a $23.00 price objective on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. Weiss Ratings lowered Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, October 9th. BTIG Research reiterated a “buy” rating and issued a $25.00 target price on shares of Capital Clean Energy Carriers in a research note on Wednesday, July 29th. Finally, Zacks Research downgraded Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th.

Capital Clean Energy Carriers Price Performance

CCEC stock opened at $20.41 on Friday. The stock has a market capitalization of $1.19 billion, a P/E ratio of 10.97 and a beta of 0.68. 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 has a one year low of $16.77 and a one year high of $23.95. The company has a 50 day moving average price of $21.88 and a two-hundred day moving average price of $21.47.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.48 earnings per share for the quarter, beating 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 company had revenue of $104.90 million during the quarter, compared to the consensus estimate of $106.10 million. As a group, sell-side analysts expect that Capital Clean Energy Carriers will post 1.92 EPS for the current year.

Capital Clean Energy Carriers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Tuesday, August 4th were issued a $0.15 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $0.60 annualized dividend and a yield of 2.9%. Capital Clean Energy Carriers’s payout ratio is 32.26%.

About Capital Clean Energy Carriers

Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) is a maritime transportation company focused on the ownership and operation of vessels that transport energy products. Its fleet is centered on liquefied natural gas (LNG) carriers and other gas carriers, including vessels designed to transport liquefied petroleum gas (LPG) and ammonia. The company provides seaborne transportation services primarily to energy companies, commodity traders and other commercial customers.

The company’s business is supported by a combination of long-term and shorter-term charter arrangements, under which customers use its vessels to move energy cargoes between international markets.