Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Down – Here’s Why

Capital Clean Energy Carriers Corp (NASDAQ:CCEC)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $19.87, but opened at $19.40. Capital Clean Energy Carriers shares last traded at $19.45, with a volume of 9,523 shares traded.

Analyst Ratings Changes

A number of brokerages have weighed in on CCEC. Evercore ISI began coverage on Capital Clean Energy Carriers in a research report on Thursday, September 5th. They issued an “outperform” rating and a $22.00 price target on the stock. Fearnley Fonds raised shares of Capital Clean Energy Carriers to a “strong-buy” rating in a report on Thursday, October 10th.

Capital Clean Energy Carriers Trading Up 0.2 %

The company has a debt-to-equity ratio of 1.99, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $1.06 billion, a PE ratio of 7.48 and a beta of 0.87. The stock’s fifty day simple moving average is $18.27.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued its quarterly 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. The business had revenue of $95.51 million for the quarter, compared to the consensus estimate of $90.22 million. Capital Clean Energy Carriers had a net margin of 24.89% and a return on equity of 6.83%. Equities analysts expect that Capital Clean Energy Carriers Corp will post 1.91 earnings per share for the current year.

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.