Capricorn Energy (LON:CNE) Reaches New 12-Month High – Here’s Why

Capricorn Energy PLC (LON:CNE) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 310 and last traded at GBX 305.50, with a volume of 266702 shares changing hands. The stock had previously closed at GBX 308.50.

Wall Street Analyst Weigh In

CNE has been the subject of several recent analyst reports. Peel Hunt restated a “buy” rating and set a GBX 310 price objective on shares of Capricorn Energy in a research report on Thursday, January 8th. Shore Capital Group reissued a “buy” rating on shares of Capricorn Energy in a research note on Friday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 369.33.

Capricorn Energy Price Performance

The company has a quick ratio of 6.29, a current ratio of 2.44 and a debt-to-equity ratio of 4.29. The company has a market cap of £209.54 million, a PE ratio of 101.83, a P/E/G ratio of -1.92 and a beta of 0.49. The stock has a 50-day simple moving average of GBX 257.83 and a 200 day simple moving average of GBX 220.77.

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