Capricorn Energy (LON:CNE) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Capricorn Energy PLC (LON:CNE)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 207.33 and traded as high as GBX 227. Capricorn Energy shares last traded at GBX 227, with a volume of 29,798 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CNE shares. Peel Hunt restated a “buy” rating and issued a GBX 310 price objective on shares of Capricorn Energy in a report on Thursday, January 8th. Shore Capital reiterated a “buy” rating and set a GBX 438 target price on shares of Capricorn Energy in a research report on Monday, September 22nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Capricorn Energy has a consensus rating of “Buy” and a consensus price target of GBX 369.33.

Capricorn Energy Stock Down 0.4%

The firm’s 50 day moving average is GBX 198.43 and its two-hundred day moving average is GBX 207.18. The firm has a market cap of £155.01 million, a P/E ratio of 75.33, a price-to-earnings-growth ratio of -1.92 and a beta of 1.35. The company has a current ratio of 2.56, a quick ratio of 6.29 and a debt-to-equity ratio of 32.44.

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