Capricorn Energy (LON:CNE) Sets New 1-Year High – Here’s What Happened

Capricorn Energy PLC (LON:CNE)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 310 and last traded at GBX 305.50, with a volume of 266702 shares. The stock had previously closed at GBX 308.50.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CNE. Shore Capital Group reiterated a “buy” rating on shares of Capricorn Energy in a research report on Friday, March 27th. Peel Hunt restated a “buy” rating and set a GBX 310 price objective on shares of Capricorn Energy in a research note on Thursday, January 8th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 369.33.

Capricorn Energy Stock Up 3.3%

The stock has a market cap of £230.56 million, a PE ratio of 112.05, a P/E/G ratio of -1.92 and a beta of 0.49. The business has a 50 day moving average price of GBX 261.55 and a 200 day moving average price of GBX 222.19. The company has a quick ratio of 6.29, a current ratio of 2.44 and a debt-to-equity ratio of 4.29.

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