Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Large Volume Increase – Here’s Why
by Tristan Rich · The Markets DailyCapital Clean Energy Carriers Corp. (NASDAQ:CCEC – Get Free Report) shares saw an uptick in trading volume on Tuesday . 8,205 shares traded hands during mid-day trading, an increase of 93% from the previous session’s volume of 4,252 shares.The stock last traded at $20.8310 and had previously closed at $20.93.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CCEC. Evercore ISI cut their price target on shares of Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Capital One Financial set a $25.00 price target on shares of Capital Clean Energy Carriers in a research report on Friday, December 19th. BTIG Research initiated coverage on Capital Clean Energy Carriers in a report on Friday, December 19th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital Clean Energy Carriers in a report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Capital Clean Energy Carriers currently has an average rating of “Moderate Buy” and an average price target of $25.50.
Check Out Our Latest Stock Report on CCEC
Capital Clean Energy Carriers Stock Performance
The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 1.57. The stock has a fifty day moving average price of $20.60 and a two-hundred day moving average price of $21.64. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 5.32 and a beta of 0.63.
Capital Clean Energy Carriers (NASDAQ:CCEC – Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $99.51 million during the quarter, compared to the consensus estimate of $105.91 million. Capital Clean Energy Carriers had a net margin of 56.56% and a return on equity of 7.54%. As a group, analysts forecast that Capital Clean Energy Carriers Corp. will post 1.66 EPS for the current fiscal year.
Capital Clean Energy Carriers Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Friday, February 6th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.8%. Capital Clean Energy Carriers’s payout ratio is currently 15.00%.
Institutional Trading of Capital Clean Energy Carriers
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MGO One Seven LLC acquired a new stake in shares of Capital Clean Energy Carriers in the second quarter worth approximately $216,000. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 1,621 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Capital Clean Energy Carriers by 59.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock worth $3,065,000 after purchasing an additional 49,075 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Capital Clean Energy Carriers in the second quarter valued at approximately $127,000. Finally, Squarepoint Ops LLC acquired a new position in Capital Clean Energy Carriers during the third quarter valued at approximately $382,000.
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.