Capricorn Energy (LON:CNE) Trading 19.8% Higher – Still a Buy?

Capricorn Energy PLC (LON:CNE) shares rose 19.8% during mid-day trading on Thursday . The company traded as high as GBX 353 and last traded at GBX 345. Approximately 1,573,254 shares were traded during mid-day trading, an increase of 385% from the average daily volume of 324,094 shares. The stock had previously closed at GBX 288.

Analyst Upgrades and Downgrades

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, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 369.33.

Capricorn Energy Stock Performance

The firm has a fifty day simple moving average of GBX 311.51 and a 200 day simple moving average of GBX 272.73. The company has a current ratio of 2.44, a quick ratio of 6.29 and a debt-to-equity ratio of 12.32. The stock has a market cap of £236.90 million, a price-to-earnings ratio of 13.27, a PEG ratio of -1.92 and a beta of 0.28.

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