Capricorn Energy (LON:CNE) Shares Cross 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 Thursday . The stock has a 200-day moving average of GBX 211.98 and traded as high as GBX 271. Capricorn Energy shares last traded at GBX 264, with a volume of 34,454 shares traded.

Analysts Set New Price Targets

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 310 price objective on shares of Capricorn Energy in a report on Thursday, January 8th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently 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 32.44, a quick ratio of 6.29 and a current ratio of 2.56. The firm’s 50-day moving average price is GBX 231.58 and its two-hundred day moving average price is GBX 212.33. The stock has a market cap of £178.33 million, a price-to-earnings ratio of 86.67, a PEG ratio of -1.92 and a beta of 1.35.

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