Capricorn Energy (LON:CNE) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Capricorn Energy PLC (LON:CNE)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 264.14 and traded as high as GBX 330. Capricorn Energy shares last traded at GBX 314, with a volume of 203,324 shares traded.

Analyst Ratings Changes

Separately, Shore Capital Group reaffirmed a “buy” rating on shares of Capricorn Energy in a research report on Thursday, April 23rd. 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 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 firm has a market cap of £211.49 million, a P/E ratio of 11.85, a P/E/G ratio of -1.92 and a beta of 0.28. The business’s 50-day simple moving average is GBX 316.75 and its 200 day simple moving average is GBX 265.85.

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