Capital Clean Energy Carriers (NASDAQ:CCEC) Releases Earnings Results, Hits Estimates

Capital Clean Energy Carriers (NASDAQ:CCEC) issued its earnings results on Thursday. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36, Zacks reports. Capital Clean Energy Carriers had a net margin of 25.79% and a return on equity of 9.72%.

Capital Clean Energy Carriers Stock Performance

CCEC stock traded up $0.31 during mid-day trading on Thursday, reaching $19.30. 7,802 shares of the stock traded hands, compared to its average volume of 13,804. The company has a 50-day simple moving average of $18.44. The firm has a market cap of $1.13 billion, a PE ratio of 14.84 and a beta of 0.83. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.68 and a quick ratio of 1.66. Capital Clean Energy Carriers has a one year low of $14.45 and a one year high of $20.26.

Capital Clean Energy Carriers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Thursday, February 6th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.60 dividend on an annualized basis and a yield of 3.11%. Capital Clean Energy Carriers’s dividend payout ratio is presently 46.15%.

Analysts Set New Price Targets

CCEC has been the subject of several research reports. Raymond James initiated coverage on shares of Capital Clean Energy Carriers in a report on Friday, January 24th. They set an “outperform” rating and a $26.00 price objective for the company. Fearnley Fonds upgraded Capital Clean Energy Carriers to a “strong-buy” rating in a report on Thursday, October 10th.

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.