Capital Clean Energy Carriers (NASDAQ:CCEC) Stock Rating Upgraded by Zacks Research

Capital Clean Energy Carriers (NASDAQ:CCEC) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group increased their price target on Capital Clean Energy Carriers from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Capital Clean Energy Carriers in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital Clean Energy Carriers presently has a consensus rating of “Hold” and an average price target of $24.75.

Capital Clean Energy Carriers Stock Performance

Capital Clean Energy Carriers stock traded up $0.14 during midday trading on Tuesday, hitting $20.35. 2,067 shares of the company were exchanged, compared to its average volume of 7,197. The firm has a market capitalization of $1.19 billion, a PE ratio of 7.09 and a beta of 0.59. Capital Clean Energy Carriers has a fifty-two week low of $16.77 and a fifty-two week high of $24.83. The business has a fifty day simple moving average of $20.51 and a two-hundred day simple moving average of $20.88. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.36 and a current ratio of 1.38.

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted its earnings results on Thursday, May 7th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.44 by $0.04. The firm had revenue of $98.01 million for the quarter, compared to analyst estimates of $101.99 million. Capital Clean Energy Carriers had a return on equity of 7.85% and a net margin of 41.51%. On average, sell-side analysts forecast that Capital Clean Energy Carriers will post 2.17 earnings per share for the current year.

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of institutional investors have recently added to or reduced their stakes in CCEC. Raymond James Financial Inc. purchased a new position in Capital Clean Energy Carriers during the second quarter worth approximately $127,000. MGO One Seven LLC lifted its position in Capital Clean Energy Carriers by 11.8% during the third quarter. MGO One Seven LLC now owns 10,318 shares of the company’s stock worth $232,000 after buying an additional 1,087 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Capital Clean Energy Carriers during the third quarter worth approximately $382,000. Geode Capital Management LLC increased its stake in Capital Clean Energy Carriers by 10.1% during the second quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock worth $414,000 after acquiring an additional 1,621 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Capital Clean Energy Carriers by 2.5% during the fourth quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock worth $547,000 after acquiring an additional 651 shares during the last quarter.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company’s vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals.