Capricorn Energy (LON:CNE) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Capricorn Energy PLC (LON:CNE)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 257.10 and traded as high as GBX 332. Capricorn Energy shares last traded at GBX 312, with a volume of 581,926 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital Group restated 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 data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 369.33.

Capricorn Energy Stock Performance

The company has a debt-to-equity ratio of 12.32, a quick ratio of 6.29 and a current ratio of 2.44. The stock’s fifty day moving average price is GBX 314.96 and its 200-day moving average price is GBX 258.37. The company has a market capitalization of £217.67 million, a P/E ratio of 12.19, a PEG ratio of -1.92 and a beta of 0.28.

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