Capital Clean Energy Carriers (NASDAQ:CCEC) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Capital Clean Energy Carriers (NASDAQ:CCEC) from a hold rating to a strong sell rating in a report issued on Wednesday,Zacks reports.

Several other research firms have also weighed in on CCEC. BTIG Research restated a “buy” rating and set a $25.00 target price on shares of Capital Clean Energy Carriers in a report on Wednesday, July 29th. Jefferies Financial Group reiterated a “hold” rating and set a $23.00 price target on shares of Capital Clean Energy Carriers in a research note on Monday, August 3rd. Finally, Weiss Ratings lowered Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Capital Clean Energy Carriers has an average rating of “Hold” and a consensus price target of $24.33.

Capital Clean Energy Carriers Stock Down 1.2%

Capital Clean Energy Carriers stock opened at $20.73 on Wednesday. The company has a market capitalization of $1.21 billion, a P/E ratio of 10.21 and a beta of 0.66. The firm’s fifty day simple moving average is $21.28 and its 200-day simple moving average is $21.42. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 1.81. Capital Clean Energy Carriers has a 1-year low of $16.77 and a 1-year high of $23.95.

Capital Clean Energy Carriers (NASDAQ:CCEC) last released its quarterly earnings data on Friday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $138.13 million during the quarter, compared to analyst estimates of $126.52 million. Capital Clean Energy Carriers had a net margin of 27.76% and a return on equity of 7.25%. Sell-side analysts forecast that Capital Clean Energy Carriers will post 1.90 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, November 12th. Stockholders of record on Tuesday, November 3rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, November 3rd. Capital Clean Energy Carriers’s payout ratio is presently 29.56%.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp. is a maritime transportation company focused primarily on the ownership and operation of vessels that transport liquefied natural gas (LNG) and other energy products. The company’s fleet includes LNG carriers and other vessels serving the international energy supply chain, with operations conducted through long-term and other commercial charter arrangements.

The company is transitioning toward a cleaner-energy-focused shipping platform, with LNG transportation as a central part of its strategy.