Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Down 5.2% – Should You Sell?

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC)’s stock price traded down 5.2% during trading on Wednesday. The stock traded as low as $19.75 and last traded at $20.1730. 3,662 shares changed hands during trading, a decline of 60% from the average session volume of 9,051 shares. The stock had previously closed at $21.29.

Analyst Upgrades and Downgrades

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

Capital Clean Energy Carriers Stock Down 5.4%

The company has a market capitalization of $1.18 billion, a PE ratio of 10.84 and a beta of 0.63. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 1.81. The firm has a 50 day simple moving average of $22.44 and a two-hundred day simple moving average of $21.43.

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, topping 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 firm had revenue of $104.90 million during the quarter, compared to the consensus estimate of $106.10 million. Research analysts expect that Capital Clean Energy Carriers Corp. will post 1.92 EPS for the current year.

Capital Clean Energy Carriers Dividend Announcement

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 3.0%. The ex-dividend date 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 delivery of liquefied natural gas (LNG) and other energy products. The company owns and operates a fleet of LNG carriers and other specialized vessels that transport energy commodities under long-term, medium-term and spot-charter arrangements.

Through its fleet and commercial operations, Capital Clean Energy Carriers serves energy producers, trading companies, utilities and other customers involved in the global energy supply chain.