Capital Clean Energy Carriers (NASDAQ:CCEC) Stock Gets Downgrade from Zacks Research

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

A number of other research firms have also weighed in on CCEC. BTIG Research reiterated a “buy” rating and issued a $25.00 price target on shares of Capital Clean Energy Carriers in a research report on Wednesday, July 29th. Weiss Ratings cut Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Finally, Jefferies Financial Group restated a “hold” rating and set a $23.00 price objective on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $24.33.

Capital Clean Energy Carriers Stock Performance

CCEC opened at $20.73 on Wednesday. The firm has a market cap of $1.21 billion, a PE ratio of 10.21 and a beta of 0.66. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 1.81. The business has a fifty day simple moving average of $21.28 and a 200-day simple moving average of $21.42. Capital Clean Energy Carriers has a fifty-two week low of $16.77 and a fifty-two week high of $23.95.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued its earnings results on Friday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $138.13 million for the quarter, compared to analysts’ expectations of $126.52 million. Capital Clean Energy Carriers had a return on equity of 7.25% and a net margin of 27.76%. As a group, equities analysts predict that Capital Clean Energy Carriers will post 1.90 EPS for the current fiscal year.

About Capital Clean Energy Carriers

Capital Clean Energy Carriers Corp. is a maritime transportation company focused primarily on the ownership and operation of vessels that transport liquefied natural gas (LNG) and other energy products. The company’s fleet includes LNG carriers and other vessels serving the international energy supply chain, with operations conducted through long-term and other commercial charter arrangements.

The company is transitioning toward a cleaner-energy-focused shipping platform, with LNG transportation as a central part of its strategy.