Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Up – Still a Buy?

Capital Clean Energy Carriers Corp (NASDAQ:CCEC)’s share price gapped up before the market opened on Monday . The stock had previously closed at $18.56, but opened at $19.50. Capital Clean Energy Carriers shares last traded at $19.59, with a volume of 2,221 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CCEC shares. Fearnley Fonds raised Capital Clean Energy Carriers to a “strong-buy” rating in a report on Thursday, October 10th. Evercore ISI assumed coverage on Capital Clean Energy Carriers in a report on Thursday, September 5th. They set an “outperform” rating and a $22.00 price target on the stock.

Capital Clean Energy Carriers Trading Down 2.8 %

The firm has a market capitalization of $1.05 billion, a PE ratio of 7.44 and a beta of 0.87. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.99.

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted 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 return on equity of 6.83% and a net margin of 24.89%. The company had revenue of $95.51 million during the quarter, compared to analysts’ expectations of $90.22 million. Research analysts forecast that Capital Clean Energy Carriers Corp will post 1.91 earnings per share for the current fiscal year.

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.