Capricorn Energy (LON:CNE) Reaches New 12-Month Low – Here’s What Happened

Capricorn Energy PLC (LON:CNE) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 181.80 and last traded at GBX 185, with a volume of 73903 shares changing hands. The stock had previously closed at GBX 184.40.

Analyst Upgrades and Downgrades

CNE has been the subject of several analyst reports. Shore Capital reissued a “buy” rating and issued a GBX 438 target price on shares of Capricorn Energy in a research note on Monday, September 22nd. Peel Hunt reiterated a “buy” rating and issued a GBX 310 price target on shares of Capricorn Energy in a research note on Thursday, September 18th. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 360 price objective on shares of Capricorn Energy in a research note on Thursday, September 18th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 369.33.

Capricorn Energy Price Performance

The company’s 50-day moving average price is GBX 200.11 and its two-hundred day moving average price is GBX 215.16. The company has a debt-to-equity ratio of 32.44, a current ratio of 2.56 and a quick ratio of 6.29. The company has a market capitalization of £126.89 million, a P/E ratio of 61.67, a price-to-earnings-growth ratio of -1.92 and a beta of 1.35.

Capricorn Energy Company Profile

Capricorn is a cash flow-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Egyptian Western Desert.

Capricorn is headquartered in Edinburgh, Scotland.

For further information please see: www.capricornenergy.com