Capricorn Energy (LON:CNE) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Capricorn Energy PLC (LON:CNE)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 209.99 and traded as high as GBX 261. Capricorn Energy shares last traded at GBX 261, with a volume of 48,403 shares trading hands.

Wall Street Analyst Weigh In

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 310 price target on shares of Capricorn Energy in a research report on Thursday, January 8th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 369.33.

Capricorn Energy Price Performance

The business has a fifty day moving average of GBX 221.66 and a 200 day moving average of GBX 209.99. The company has a quick ratio of 6.29, a current ratio of 2.56 and a debt-to-equity ratio of 32.44. The firm has a market cap of £179.01 million, a P/E ratio of 87.00, a P/E/G 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