Capricorn Energy (LON:CNE) Stock Price Up 19.8% – Time to Buy?

Capricorn Energy PLC (LON:CNE)’s stock price was up 19.8% during trading on Thursday . The company traded as high as GBX 353 and last traded at GBX 345. Approximately 1,573,254 shares changed hands during trading, an increase of 385% from the average session volume of 324,094 shares. The stock had previously closed at GBX 288.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reissued a “buy” rating on shares of Capricorn Energy in a research note on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 369.33.

Capricorn Energy Stock Performance

The company has a quick ratio of 6.29, a current ratio of 2.44 and a debt-to-equity ratio of 12.32. The stock has a fifty day simple moving average of GBX 311.51 and a 200-day simple moving average of GBX 272.73. The company has a market capitalization of £236.90 million, a P/E ratio of 13.27, a PEG ratio of -1.92 and a beta of 0.28.

About Capricorn Energy

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