BTIG Research Begins Coverage on Capital Clean Energy Carriers (NASDAQ:CCEC)

Equities research analysts at BTIG Research began coverage on shares of Capital Clean Energy Carriers (NASDAQ:CCEC) in a report issued on Friday, MarketBeat.com reports. The brokerage set a “buy” rating and a $25.00 price target on the stock. BTIG Research’s price objective would suggest a potential upside of 19.27% from the stock’s current price.

A number of other equities analysts have also recently issued reports on CCEC. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital Clean Energy Carriers in a report on Tuesday, October 14th. Capital One Financial set a $25.00 price objective on shares of Capital Clean Energy Carriers in a report on Friday. Finally, Evercore ISI reduced their price objective 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Capital Clean Energy Carriers Trading Down 1.7%

Shares of Capital Clean Energy Carriers stock opened at $20.96 on Friday. 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 firm’s 50-day moving average price is $20.92 and its two-hundred day moving average price is $21.91. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 5.24 and a beta of 0.64. Capital Clean Energy Carriers has a 12-month low of $14.09 and a 12-month high of $24.83.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MGO One Seven LLC purchased a new stake in Capital Clean Energy Carriers in the 2nd quarter valued at about $216,000. Geode Capital Management LLC boosted 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 worth $414,000 after buying an additional 1,621 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Capital Clean Energy Carriers by 59.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock valued at $3,065,000 after acquiring an additional 49,075 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Capital Clean Energy Carriers during the second quarter valued at approximately $127,000. Finally, Squarepoint Ops LLC purchased a new position in Capital Clean Energy Carriers in the third quarter worth $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.