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

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) have received an average rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $24.75.

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

Capital Clean Energy Carriers Trading Up 1.1%

Shares of Capital Clean Energy Carriers stock opened at $19.85 on Friday. The company has a 50 day simple moving average of $21.78 and a two-hundred day simple moving average of $21.48. The firm has a market cap of $1.16 billion, a PE ratio of 11.90 and a beta of 0.68. Capital Clean Energy Carriers has a 1 year low of $16.77 and a 1 year high of $23.95. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.15 and a quick ratio of 1.13.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its earnings results on Wednesday, July 29th. The company reported $0.48 earnings per share (EPS) for the quarter, topping 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 company had revenue of $104.90 million during the quarter, compared to analyst estimates of $106.10 million. Analysts expect that Capital Clean Energy Carriers will post 1.92 earnings per share for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Tuesday, August 4th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, August 4th. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is currently 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.