Capricorn Energy (LON:CNE) Stock Price Passes 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 Tuesday . The stock has a 200-day moving average of GBX 268.78 and traded as high as GBX 294. Capricorn Energy shares last traded at GBX 290, with a volume of 70,236 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, Based on data from MarketBeat, Capricorn Energy currently has an average rating of “Buy” and a consensus price target of GBX 369.33.

Capricorn Energy Trading Down 1.4%

The company has a market capitalization of £194.32 million, a price-to-earnings ratio of 10.88, a P/E/G ratio of -1.92 and a beta of 0.28. 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 company’s 50 day simple moving average is GBX 313.60 and its two-hundred day simple moving average is GBX 269.45.

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