JPMorgan Chase & Co. Begins Coverage on Capricorn Energy (OTCMKTS:CRNCY)

JPMorgan Chase & Co. initiated coverage on shares of Capricorn Energy (OTCMKTS:CRNCYGet Rating) in a research note published on Monday morning, The Fly reports. The firm issued a neutral rating on the energy company’s stock.

A number of other equities analysts also recently weighed in on CRNCY. Zacks Investment Research downgraded shares of Capricorn Energy from a buy rating to a hold rating in a research note on Wednesday, February 9th. Barclays upped their target price on shares of Capricorn Energy from GBX 245 ($3.08) to GBX 285 ($3.59) in a research note on Wednesday, April 6th. Morgan Stanley assumed coverage on shares of Capricorn Energy in a research report on Friday, May 20th. They set an equal weight rating for the company. Finally, Canaccord Genuity Group lowered their price objective on shares of Capricorn Energy from GBX 250 ($3.15) to GBX 235 ($2.96) and set a buy rating for the company in a research report on Friday, January 28th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of $151.33.

OTCMKTS:CRNCY opened at $4.97 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 8.65 and a current ratio of 8.71. The firm’s 50-day moving average is $5.31 and its 200-day moving average is $5.30. Capricorn Energy has a 52-week low of $3.50 and a 52-week high of $6.17.

About Capricorn Energy (Get Rating)

Capricorn Energy PLC operates as an independent oil and gas exploration, development, and production company. The company holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. Its activities focused in North West Europe, North and West Africa, and Latin America.

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