Capital Clean Energy Carriers (NASDAQ:CCEC) Earns “Hold” Rating from Jefferies Financial Group

Capital Clean Energy Carriers (NASDAQ:CCEC)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Financial Group in a report released on Monday,Benzinga reports. They presently have a $23.00 price target on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 0.39% from the stock’s current price.

Several other brokerages also recently commented on CCEC. BTIG Research reaffirmed a “buy” rating and set a $25.00 target price on shares of Capital Clean Energy Carriers in a report on Wednesday, July 29th. Zacks Research raised shares of Capital Clean Energy Carriers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of Capital Clean Energy Carriers to a “hold” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings upgraded Capital Clean Energy Carriers from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Capital Clean Energy Carriers has an average rating of “Moderate Buy” and an average target price of $24.75.

Capital Clean Energy Carriers Stock Performance

Capital Clean Energy Carriers stock traded up $0.63 during mid-day trading on Monday, hitting $22.91. 36,379 shares of the company’s stock traded hands, compared to its average volume of 9,903. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.39 and a quick ratio of 1.38. The firm has a 50 day simple moving average of $21.92 and a two-hundred day simple moving average of $21.29. Capital Clean Energy Carriers has a fifty-two week low of $16.77 and a fifty-two week high of $24.00. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 12.32 and a beta of 0.63.

Capital Clean Energy Carriers (NASDAQ:CCEC) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.32 by $0.16. The firm had revenue of $102.65 million for the quarter, compared to the consensus estimate of $106.10 million. Capital Clean Energy Carriers had a net margin of 27.73% and a return on equity of 6.61%. On average, research analysts expect that Capital Clean Energy Carriers will post 1.92 EPS for the current fiscal year.

Institutional Trading of Capital Clean Energy Carriers

A number of institutional investors have recently bought and sold shares of CCEC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Capital Clean Energy Carriers by 59.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock valued at $3,065,000 after buying an additional 49,075 shares during the period. Squarepoint Ops LLC bought a new position in Capital Clean Energy Carriers during the 3rd quarter worth $382,000. Raymond James Financial Inc. bought a new position in Capital Clean Energy Carriers during the 2nd quarter worth $127,000. Geode Capital Management LLC raised its holdings in Capital Clean Energy Carriers by 10.1% in the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock valued at $414,000 after acquiring an additional 1,621 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Capital Clean Energy Carriers by 2.5% in the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock valued at $547,000 after acquiring an additional 651 shares in 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.