Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Large Volume Increase – Should You Buy?

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) saw an uptick in trading volume on Monday . 3,489 shares were traded during mid-day trading, a decline of 27% from the previous session’s volume of 4,806 shares.The stock last traded at $20.4850 and had previously closed at $20.09.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CCEC. Weiss Ratings reissued a “buy (b)” rating on shares of Capital Clean Energy Carriers in a research note on Tuesday, October 14th. Capital One Financial set a $25.00 price target on Capital Clean Energy Carriers in a research note on Friday, December 19th. BTIG Research initiated coverage on Capital Clean Energy Carriers in a research note on Friday, December 19th. They set a “buy” rating and a $25.00 price target for the company. Finally, Evercore ISI decreased 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. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.50.

Capital Clean Energy Carriers Stock Up 2.9%

The firm’s fifty day simple moving average is $20.55 and its 200 day simple moving average is $21.74. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 5.19 and a beta of 0.63. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.42 and a current ratio of 1.44.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its earnings results on Tuesday, November 4th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $99.51 million during the quarter, compared to analysts’ expectations of $105.91 million. Capital Clean Energy Carriers had a net margin of 56.56% and a return on equity of 7.54%. On average, sell-side analysts forecast that Capital Clean Energy Carriers Corp. will post 1.66 earnings per share for the current year.

Capital Clean Energy Carriers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Friday, February 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.60 dividend on an annualized basis and a yield of 2.9%. Capital Clean Energy Carriers’s dividend payout ratio is currently 15.00%.

Institutional Trading of Capital Clean Energy Carriers

Hedge funds have recently added to or reduced their stakes in the stock. MGO One Seven LLC bought a new position in shares of Capital Clean Energy Carriers during the second quarter worth about $216,000. Geode Capital Management LLC raised its position in 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 buying an additional 1,621 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 buying 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 worth $127,000. Finally, Squarepoint Ops LLC bought a new position in shares of Capital Clean Energy Carriers during the 3rd quarter valued at approximately $382,000.

About Capital Clean Energy Carriers

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.