Capricorn Energy (LON:CNE) Stock Crosses Above 200-Day Moving Average – Here’s Why

Capricorn Energy PLC (LON:CNE) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 207.47 and traded as high as GBX 256.28. Capricorn Energy shares last traded at GBX 255.50, with a volume of 225,138 shares.

Wall Street Analyst Weigh In

Separately, Peel Hunt reissued 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 stock has an average rating of “Buy” and an average target price of GBX 369.33.

Capricorn Energy Stock Down 1.4%

The stock has a market capitalization of £175.24 million, a price-to-earnings ratio of 85.17, a PEG ratio of -1.92 and a beta of 1.35. The company has a debt-to-equity ratio of 32.44, a current ratio of 2.56 and a quick ratio of 6.29. The business has a fifty day moving average of GBX 206.46 and a 200 day moving average of GBX 207.47.

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