Capital Clean Energy Carriers (NASDAQ:CCEC) Downgraded by Zacks Research to “Hold”

Capital Clean Energy Carriers (NASDAQ:CCEC) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

CCEC has been the subject of several other research reports. Jefferies Financial Group reissued a “hold” rating and set a $23.00 price target on shares of Capital Clean Energy Carriers in a research report on Monday, August 3rd. BTIG Research restated a “buy” rating and issued a $25.00 price objective on shares of Capital Clean Energy Carriers in a research report on Wednesday, July 29th. Weiss Ratings raised Capital Clean Energy Carriers from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen upgraded 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. Based on data from MarketBeat.com, Capital Clean Energy Carriers has an average rating of “Moderate Buy” and a consensus price target of $24.75.

Capital Clean Energy Carriers Stock Down 2.4%

CCEC stock opened at $21.23 on Monday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.15 and a quick ratio of 1.13. The company’s 50 day simple moving average is $22.44 and its 200-day simple moving average is $21.43. Capital Clean Energy Carriers has a 12 month low of $16.77 and a 12 month high of $24.00. The firm has a market capitalization of $1.24 billion, a PE ratio of 11.41 and a beta of 0.63.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued its quarterly earnings data 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 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. Equities analysts expect that Capital Clean Energy Carriers will post 1.92 earnings per share for the current fiscal year.

About Capital Clean Energy Carriers

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.