Capricorn Energy (LON:CNE) Stock Price Up 9.8% – Here’s Why

Capricorn Energy PLC (LON:CNE)’s stock price traded up 9.8% during mid-day trading on Monday . The company traded as high as GBX 305 and last traded at GBX 302.48. 949,587 shares traded hands during mid-day trading, an increase of 449% from the average session volume of 172,813 shares. The stock had previously closed at GBX 275.50.

Analyst Ratings Changes

Several brokerages have commented on CNE. Peel Hunt restated a “buy” rating and set a GBX 310 target price on shares of Capricorn Energy in a research note on Thursday, January 8th. Shore Capital Group reiterated a “buy” rating on shares of Capricorn Energy in a research note on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Capricorn Energy presently has a consensus rating of “Buy” and a consensus target price of GBX 369.33.

Capricorn Energy Trading Up 1.4%

The business’s 50 day simple moving average is GBX 259.46 and its two-hundred day simple moving average is GBX 221.46. The stock has a market cap of £212.56 million, a P/E ratio of 103.30, a PEG ratio of -1.92 and a beta of 0.49. The company has a quick ratio of 6.29, a current ratio of 2.44 and a debt-to-equity ratio of 4.29.

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