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

by · The Cerbat Gem

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $20.74, but opened at $19.93. Capital Clean Energy Carriers shares last traded at $20.3050, with a volume of 2,054 shares.

Analysts Set New Price Targets

CCEC has been the subject of several recent analyst reports. Capital One Financial set a $25.00 target price on Capital Clean Energy Carriers in a report on Friday, December 19th. BTIG Research started coverage on Capital Clean Energy Carriers in a report on Friday, December 19th. They set a “buy” rating and a $25.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Capital Clean Energy Carriers in a research note on Friday, January 9th. Finally, Evercore ISI decreased their price target on Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

View Our Latest Stock Analysis on Capital Clean Energy Carriers

Capital Clean Energy Carriers Stock Performance

The company has a 50 day simple moving average of $20.56 and a 200-day simple moving average of $21.69. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.44 and a quick ratio of 1.42. The stock has a market cap of $1.22 billion, a P/E ratio of 5.23 and a beta of 0.63.

Capital Clean Energy Carriers (NASDAQ:CCEC – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $99.51 million for the quarter, compared to analysts’ expectations of $105.91 million. Capital Clean Energy Carriers had a return on equity of 7.54% and a net margin of 56.56%. On average, equities analysts expect that Capital Clean Energy Carriers Corp. will post 1.66 earnings per share for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Friday, February 6th will be issued a $0.15 dividend. The ex-dividend date is Friday, February 6th. This represents a $0.60 annualized dividend and a dividend yield of 2.9%. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is currently 15.00%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

Institutional investors and hedge funds have recently modified their holdings of the stock. MGO One Seven LLC bought a new position in Capital Clean Energy Carriers in the second quarter worth about $216,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Capital Clean Energy Carriers by 9.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock worth $3,224,000 after acquiring an additional 12,097 shares during the period. Squarepoint Ops LLC bought a new position in shares of Capital Clean Energy Carriers in the 3rd quarter worth approximately $382,000. Raymond James Financial Inc. purchased a new position in shares of Capital Clean Energy Carriers in the 2nd quarter valued at approximately $127,000. Finally, Geode Capital Management LLC grew its stake in Capital Clean Energy Carriers by 10.1% in the second quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock worth $414,000 after purchasing an additional 1,621 shares during the period.

Capital Clean Energy Carriers Company Profile

(Get Free Report)

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.

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