Capital Clean Energy Carriers (NASDAQ:CCEC) Trading Down 4.2% – Here’s Why

Posted by Stephan Jacobs on Oct 23rd, 2024

Shares of Capital Clean Energy Carriers Corp (NASDAQ:CCEC – Get Free Report) traded down 4.2% during trading on Monday . The company traded as low as $19.00 and last traded at $19.00. 2,958 shares changed hands during trading, a decline of 95% from the average session volume of 63,362 shares. The stock had previously closed at $19.84.

Analyst Ratings Changes

Several research analysts have recently issued reports on CCEC shares. Fearnley Fonds raised Capital Clean Energy Carriers to a “strong-buy” rating in a research note on Thursday, October 10th. Evercore ISI initiated coverage on shares of Capital Clean Energy Carriers in a research report on Thursday, September 5th. They issued an “outperform” rating and a $22.00 price target for the company.

Read Our Latest Analysis on Capital Clean Energy Carriers

Capital Clean Energy Carriers Price Performance

The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 7.47 and a beta of 0.87. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.99.

Capital Clean Energy Carriers (NASDAQ:CCEC – Get Free Report) last issued its earnings results on Friday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.23. Capital Clean Energy Carriers had a net margin of 24.89% and a return on equity of 6.83%. The business had revenue of $95.51 million for the quarter, compared to analyst estimates of $90.22 million. On average, research analysts predict that Capital Clean Energy Carriers Corp will post 1.91 earnings per share for the current year.

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.