Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Climb 12.5% – Still a Buy?

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC)’s stock price shot up 12.5% on Friday. The company traded as high as $21.56 and last traded at $21.0890. Approximately 1,609 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 9,320 shares. The stock had previously closed at $18.74.

Wall Street Analyst Weigh In

CCEC has been the subject of a number of analyst reports. BTIG Research reissued a “buy” rating and set a $25.00 price objective on shares of Capital Clean Energy Carriers in a report on Wednesday, July 29th. Zacks Research lowered shares of Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a report on Monday. Weiss Ratings upgraded shares of Capital Clean Energy Carriers from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. Jefferies Financial Group reissued a “hold” rating and set a $23.00 price target on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of Capital Clean Energy Carriers to a “hold” rating in a research report on Saturday, June 13th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.75.

Capital Clean Energy Carriers Stock Down 1.5%

The company has a market cap of $1.25 billion, a P/E ratio of 11.49 and a beta of 0.68. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 1.81. The firm has a fifty day moving average price of $22.33 and a 200 day moving average price of $21.42.

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted its quarterly earnings data 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 net margin of 27.73% and a return on equity of 6.55%. The firm had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $106.10 million. Equities research analysts forecast that Capital Clean Energy Carriers Corp. will post 1.92 earnings per share for the current year.

Capital Clean Energy Carriers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Tuesday, August 4th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, August 4th. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is 32.26%.

Capital Clean Energy Carriers Company Profile

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.